Think this is a decent long entry for Arbitrum here at the 1$ mark. Not the best outperformer though, but think we will see higher highs coming days/week.
Invalidation would be a daily close below 1$ but right now I would give this setup a decent chance to play out.
Stay safe!
Invalidation would be a daily close below 1$ but right now I would give this setup a decent chance to play out.
Stay safe!
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Hm, think the scary part is now over as we didn't saw a nuke (meaning a 10% drop and higher), so this setup is still valid.
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ETH seems to be leading this push. So chances are this was just a stop hunt.
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Looks like there is an IHS in the making on the 4h chart with 1$ being the low of the right shoulder, so this would be our invalidation for this week.
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Out of trade. :)
Will wait for the pullback of Matri, Solana, Avax etc. and then decide what to do.