Everybody's favorite Arbitrum (a top-tier L2 solution for Ethereum) has corrected nicely and hit the max pain level for long traders.
It's formed a solid entry point with a potential for a +30% move.
Entry price: $0.4665 - $0.4750
Take Profit: $0.6100 (+30%)
➖➖➖
Short Max Pain = $0.6100
Long Max Pain = $0.4665
Trade closed manually
I’m closing my long position on Arbitrum. There’s a chance Bitcoin could drop to $105,000, maybe even $95,000. We’ll look for entry points lower.
$0.4755 > $0.5353 (+12.79%)
➖➖➖
Chart (ARB):
Buy & Sell Bitcoin with BingX + Master Card 💳:
➡️ bingx.com/partner/sergiorichi/3wfPhC
BingX App (Code): XSPK7S
➖➖➖➖➖➖➖➖
Buy & Sell Bitcoin with Bybit + Master Card 💳:
➡️ partner.bybit.com/b/sergiorichi
Bybit App (Code): 46971
➡️ bingx.com/partner/sergiorichi/3wfPhC
BingX App (Code): XSPK7S
➖➖➖➖➖➖➖➖
Buy & Sell Bitcoin with Bybit + Master Card 💳:
➡️ partner.bybit.com/b/sergiorichi
Bybit App (Code): 46971
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Buy & Sell Bitcoin with BingX + Master Card 💳:
➡️ bingx.com/partner/sergiorichi/3wfPhC
BingX App (Code): XSPK7S
➖➖➖➖➖➖➖➖
Buy & Sell Bitcoin with Bybit + Master Card 💳:
➡️ partner.bybit.com/b/sergiorichi
Bybit App (Code): 46971
➡️ bingx.com/partner/sergiorichi/3wfPhC
BingX App (Code): XSPK7S
➖➖➖➖➖➖➖➖
Buy & Sell Bitcoin with Bybit + Master Card 💳:
➡️ partner.bybit.com/b/sergiorichi
Bybit App (Code): 46971
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.