Hello everyone
I am not sure if this is a correct chart of Arbitrum or there is older ones but it does not matter for what I want to say.
The first upward trend is surely the end of a rally and what has happened then was clearly a correction so we set a good strategy for that and if it does not work we leave this chart unless you want to see ARB as an investment opportunity and hold it that is another strategy.
Our strategy is that:
We wait till this trend reverses and breaks out the red resistance zone and then make a pullback and we get in a position after it rise up and put our SL in the end of pullback.
I am not sure if this is a correct chart of Arbitrum or there is older ones but it does not matter for what I want to say.
The first upward trend is surely the end of a rally and what has happened then was clearly a correction so we set a good strategy for that and if it does not work we leave this chart unless you want to see ARB as an investment opportunity and hold it that is another strategy.
Our strategy is that:
We wait till this trend reverses and breaks out the red resistance zone and then make a pullback and we get in a position after it rise up and put our SL in the end of pullback.
AMA