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ARBUSDT trade ideas

Interpretation of cryptocurrency market on May 11th, 2023CPI was slightly lower than expected last night. But based on the previous solid economic data, it has been a good positive. The market also pulled up directly, but there was a wave of decline in the early morning along with a dive in U.S. stocks, which was then largely recovered. The overall trend is still oscillating, but there has been a shift in the division of strength and weakness between the sectors. In last night's market, altcoins started to be stronger than BTC and ETH. Besides, ETH's net deposit continues to rise rapidly after the Shanghai upgrade. It has now exceeded 300,000 tokens. Meanwhile, pledge gains continue to increase due to the massive rush for Memecoins. The pledge market has gone from lining up for exit to lining up for entry some time ago. It is foreseeable that the accelerated growth will continue, and in this atmosphere, the rise remains a probable event. Last night ARB became the leader of altcoins. The fundamentals are strong and have the power to call. The tokens with leading potential are the regulars in the analysis. Although the previous fall made the entry slightly passive, it is unlikely that the position will be aggravated again without falling. The market change so far has been very favorable to our strategy. Positions have been full again and at a modest cost. Just be patient, wait for the money to flow back into the value pits, and bring a new wave of hype. The only thing to note is that the old AI concept tokens should be kept from being touched for now. This decline is also not followed by an analysis of the previously very strong AGIX. While AI is still an essential narrative direction, the overly drawn-across performance of AGIX also reflects that there is some information in this sector that we still need to gather. So no entry in this round of layout and no consideration of this direction for now.
by BKEXFutures
Interpretation of cryptocurrency market on May 10th, 2023Mainstream tokens continued to trade sideways yesterday as altcoins bottomed out. ETH pledges continued to rise at an accelerating rate. Since the Shanghai upgrade, there has been a net inflow of over 100,000 tokens. With Memecoins continuing to heat up, the rise in gas fees has also seen a significant surge in pledge earnings. Favorable for ETH and the pledging circuit, but the market is still not speculating on this. The pressure and washout can also be seen yesterday in LDO's extreme trend. After a quick breakdown to smash out the panic market, it rallied back to the weekend price. ARB was slightly larger than 1 USDT, but the derivatives pins smashed through 1 USDT. This also means that users who stopped out and blew their positions at the derivatives round number mark have been cleared. We can tell that the adjustment in altcoins is in place. The issue of exchange rates was also mentioned earlier. High-value altcoins have now reached the bottom range, both technically and fundamentally. Unless systemic risks bring down the overall valuation, the subsequent sustained rise is a probable event. And all that needs to be added to start this leg of the market is an opportunity. It could be a specific message or a significant rise in one of the leading tokens. But the follow-up, whether it's an exchange rate fix or favorable cashing in, is still seen as the last leg of the year's rally. The position reduction should still be done in batches during the rally.
Long
by BKEXFutures
ARBITRUM (ARB) CRYPTOCURRENCY SHORT | 50% DOWNSIDE | SWING TRADEArbitrum cryptocurrency or the ARB coin was trading in a range from past few weeks. The price has recently broken down the support and currently going up for a retest. I expect a bearish continuation. A short can be initiated. Entry- 1.14 Stop loss- 1.25. But if a daily closes back above the broken support turned resistance, exit the trade. No need to wait for stop loss to hit. Target- 0.5. However, keep booking profits as price goes down and trail your stop losses. Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
Short
by rohitkukreja
5
$ARB- NO CLEAR PATHWAY YET!First- I love this project, so i keep buying every dip but the chart is still looking fuzzy with no clear pathway. It could go below $1 to cc; it could continue to a $ and above. There is a lot of sentiments, expectations surrounding this layer zero token.. mine included Looking like a flag pole but all indicators saying otherwise RSIs and MACD on the available tfs clearly showing bearish sentiments Volume looking uncertain like it is waiting for something.. Not gonna trade this for a scalp at the moment
by Syl-Crypt