ARN/BTC
-a bullish descending channel is forming
-a big spike in volume before a potential breakout
-two entry point strategy is here
-buy on current price levels and SL below swing low
-or buy during the breakout of the pattern
-both have risk involve and reward
-please apply risk management
ARN/BTC
ARN fell below the 50 Day MA plus 100 Day MA but currently holding the upward trend-line support. If price can maintain this level within a week.
There is a probable chance to continue the uptrend as the market structure is still valid for a bullish breakout. Otherwise, closed below 1700 sats will start a longer bearish action.
