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%)
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Short Max Pain = $0.6100
Long Max Pain = $0.4665
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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.
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.