Signal trading summary
- Arbitrum (ARB)
- Entry: $0.1100
- Stop Loss [SL]: $0.1141
- Take Profit [TP]:
- TP1: $0.1059
- TP2: $0.1017 – $0.1000
- Avalanche (AVAX)
- Entry: $9,393
- Stop Loss [SL]: $9.712
- Take Profit [TP]:
- TP1: $9,070
- TP2: $8,745
- Filecoin (FIL)
- Entry: $0.914
- Stop Loss [SL]: $0.953
- Take Profit [TP]:
- TP1: $0.873
- TP2: $0.836
1. Arbitrum (ARB)
Tags: Layer-2
The price movement of ARB showed signs of weakness after approaching the resistance cluster area in the range of $0.1115 – $0.1130. This zone is a fairly strong supply area, where selling pressure is starting to increase and hold back the price increase.
As long as the price is unable to hold above the resistance area, the downside potential is still open. The current price movement is towards the nearest support area at $0.1059, with a possible continuation towards the $0.1017 – $0.1000 zone, which is the Resistance Become Support (RBS) area.
ARB Potential Sell/Short Setup:
- Entry: $0.1100
- Stop Loss [SL]: $0.1141
- Take Profit [TP]:
- TP1: $0.1059
- TP2: $0.1017 – $0.1000
Important Notes:
Always apply risk management and capital management with discipline. For trading, especially those using leverage, we recommend using a risk per transaction of: 1% of total capital.
2. Avalanche (AVAX)
Tags: Layer-1
The price movement of AVAX is still under pressure after failing to break the resistance cluster area in the range of $9,480 – $9,663. This zone serves as a strong supply area, characterized by increasing selling pressure that drives prices down.
As long as the price moves below the resistance area, the movement bias remains bearish in the short term. The decline has the potential to continue towards the $9,070 area which is the Resistance Become Support (RBS) zone, with the possibility of continuing towards $8,745 if the selling pressure continues.
AVAX Potential Sell/Short Setup:
- Entry: $9,393
- Stop Loss [SL]: $9.712
- Take Profit [TP]:
- TP1: $9,070
- TP2: $8,745
Important Notes:
Always apply risk management and capital management with discipline. For trading, especially those using leverage, we recommend using a risk per transaction of: 1% of total capital.
3. Filecoin (FIL)
Tags: DePIN
FIL’s price movement showed indications of weakness after the last 4-hour candle closure formed a shooting star pattern, which is a bearish reversal signal. This pattern appears as the price approaches the resistance cluster area in the range of $0.929 – $0.948, signaling significant selling pressure in the zone.
As long as the price moves below this resistance area, selling pressure still dominates and opens up opportunities for further decline. The closest support area is at $0.873, which is the initial downside target, with the potential to continue towards $0.836.
Potential Sell/Short FIL Setup:
- Entry: $0.914
- Stop Loss [SL]: $0.953
- Take Profit [TP]
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Important Notes:
Always apply risk management and capital management with discipline. For trading, especially those using leverage, we recommend using a risk per transaction of: 1% of total capital.