BurnLee
@t_BurnLee
What symbols does the trader recommend buying?
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A potential long entry could be around the current price range of 0.5864 to 0.5814 USDT, as the price seems to be bouncing off a recent support level near 0.5585. Before entering, it's important to confirm the move with a bullish candlestick pattern like a hammer or engulfing candle, check for a bullish MACD crossover, and ensure the RSI is trending upward but not yet overbought. For risk management, a stop-loss can be placed just below the recent support at around 0.5585 USDT, while the take-profit target could be set near a previous resistance zone, around 0.6276 to 0.6600 USDT, aiming for a favorable risk-reward ratio
The market setup for ARB / USDT looks good for a scalp short trade. You can enter the trade when the price reaches the resistance are between 0.3530 to 0.3560, where the price has been previously dropped. To protect your trade set a stop loss at 0.3600 in case the price goes higher. Take profit at 0.3400 and 0.3300, which is the previous low and strong support level.
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