ARB - Clear Triangle Breakout - Long Trade

#ARB/USDT #Analysis
Description
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+ ARB has unmistakably formed a symmetric triangle pattern and has broken out from it.
+ Currently, the price is retracing back to its support level.
+ I perceive this as a favorable opportunity to enter a long trade with an appropriate stop loss in place.
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VectorAlgo Trade Details
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Entry Price: 2.063
Stop Loss: 1.704
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Target 1: 2.2365
Target 2: 2.5830
Target 3: 3.17
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Timeframe: 4H
Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo

Commentaire:

Target 1 reached. Enjoy the profits

Commentaire:

If you have entered the trade with low leverage (less than 5x) then you can move the SL to 1.56
we can expect some more correction in pricing