BINANCE:ARBUSDT Short idea
for ARB I'm looking for this setup.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR
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The price may head till the above hourly resistance and then get rejected there. It is likely that after that rejection, the price will move down towards hourly support around 1.36 zone. In other words, a short is favorable from the resistance.
The price is inching on the daily resistance. I think the price shall retrace down from that resistance. It will find support around 1.31 zone. A short is favorable here from the daily resistance to the hourly support zone.
The price got rejected from the 4h resistance area and landed on the 1h support zone. That produced a good bounce and led the price to reach the 4h resistance zone again. It is possible that this time the price will break this resistance and head to the up side. But lets monitor it and if it does so, a long would be favorable after the break of this resistance.
