ARB LONG
2025-01-07
Category: None

This analysis compares the current price action of ARB/USDT (left chart) with the previous Bitcoin cycle (right chart). The price action suggests a potential setup for a long position at a favorable discount, identified around the 0.382 retracement level (shown in red on the ARB/USDT chart).

 Key observations: 

We expect a significant pullback towards the 0.382 level, which has previously acted as a key support zone, creating a potential buying opportunity.
Similar to the previous Bitcoin cycle, the current price structure shows a sharp retracement followed by a possible continuation to the upside.
The next potential resistance zone, or "buyside liquidity," is marked on the chart, which could act as a target for the upcoming move higher.

 Trade Plan: 

 Entry:  At the 0.866 level or lower, near the 0.382 retracement zone.
 Stop Loss:  Below 0.7558
 Take Profit : Target the next resistance zone near the 1.10 level, aligning with the buyside liquidity area or higher.
