DewyCandles

ARBITRUM UPDATE - $0.7 INCOMING

Short
DewyCandles Updated   
BINANCE:ARBUSDT   ARB / TetherUS

Nothing much just doing what I believe it should do


PREVIOUS ANALYSIS

OTHER ANALYSIS





Comment:
This trade was suppose to hit the target but now it looks like it has it own agenda which is taking stop losses/liquidity. reduce stop loss to $1.1356 very close to breakeven. ARBUSDT
Comment:
you know what? F*** it not going to be chased out of a sure down trade increase the stop loss gap to $1.4478 we staying in this position not buying the shake down after all we are in a spot position that will serve as 'Hedging'.

Unrelated but I see all these double digit percentages on ALTS as a quick bull trap setup to take liquidity, shake out short position with tight stop losses. I am confident because most ALTs still have one last leg down to make before a real bull season return.

ARBUSDT
Comment:
From psychological point of view - price was going high and they was successful convincing literally everyone that it will continue to go up then all of a sudden they nuke on their euphoria, then those who are a little bit brave to take the short of it are being targeted along the ones who are seeing this a bull run continuation so they take in both ways and finally cause frustration for both short term bulls and bears, then when the price drops to the last leg there is no enthusiasm and that's when the real deal starts. ARBUSDT
Comment:

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