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ARKUSDT short opportunity
ARKUSDT remains in the downtrend.
Both in a short-term and long-term perspective we're expecting the downtrend to continue.
Recently Binance delisted ARKBTC trading pair which is not a good sign for this project when it comes to long-term predictions.
On the lower degree the price remains under the downsloping resistance line creating lower highs. Support at $0,277 were holding pretty well, however it was tested already so many times that we expect it to break at some point.
How to trade it:
You can short rejections below the downsloping resistance line (put a stop loss above this yellow line once you enter your short) or you can wait for a price to break the support at $0,277.
Target for shorts / entry for long: $0,251
As this coin is easy to pump by whales as it's very illiquid market , don't do higher than 5x leverage.
Good luck
Both in a short-term and long-term perspective we're expecting the downtrend to continue.
Recently Binance delisted ARKBTC trading pair which is not a good sign for this project when it comes to long-term predictions.
On the lower degree the price remains under the downsloping resistance line creating lower highs. Support at $0,277 were holding pretty well, however it was tested already so many times that we expect it to break at some point.
How to trade it:
You can short rejections below the downsloping resistance line (put a stop loss above this yellow line once you enter your short) or you can wait for a price to break the support at $0,277.
Target for shorts / entry for long: $0,251
As this coin is easy to pump by whales as it's very illiquid market , don't do higher than 5x leverage.
Good luck
Trade ativo
Support is acting as a resistance now. Expecting the price to reach the target soonTrade fechado: objetivo atingido
targets reached
💥 Free signals and ideas ➡ t.me/vfinvestment
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
💥 Free signals and ideas ➡ t.me/vfinvestment
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.