🔥 Arbitrum's Short Looks Great: Patience For Reversal!

17 באוק׳ 2023

At the start of the month I was looking for a short entry on ARB, which has been playing out great thus far. However, with ARB losing value rapidly, I'm starting to look for long opportunities.

ARB is trading in a very well-defined bearish channel (or wedge). My strategy is to wait for the price to touch the bottom support. Ideally, the daily RSI will be below 30 to increase the reversal probability.

Until then, the short stays active. Patience is key.