$ARB It’s currently around 0.1017 USDT. Do you think we should keep grinding higher here, or is it about time to pull back a bit?


If I’m saying the conclusion first, I’d lean more toward: after a push up, first shake out a round.
My main thinking is:
First, the divergence at the high level is starting to widen, so a shakeout is more likely first on the short term.
Second, the order book has a bit of lag in the momentum—continuing to chase hard isn’t worth it.
To add one more line: use the 15m chart to set the structure, use the 5m to confirm, and the 1m is only responsible for providing more precise entry levels. If the 1m breaks out without 5m confirmation, I don’t do it.
A more comfortable entry point: 0.1025 USDT.
First watch this take-profit level: 0.096412 USDT.
The spot where you should exit if you’re wrong: 0.1050 USDT.
But the biggest thing to fear at this level is that the resistance gets broken through and pushed above it with volume.
If you were the one trading this, would you go in first and watch for a while here, or just not touch it altogether?
ARB3.63%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments