#ARBITRUM Holding up at short-term trendline with some l

#ARBITRUM
Holding up at short-term trendline with some lower highs. As long as it doesn't break one of the lower high. Trendline will not hold for too long.
#Launchpad #GPT-4 #ExchangeWithKindness

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Here is how you can identify the trend weakness. A failed breakout is where you get the early indication that the trend is about to shift. It works on all timeframes but much better if you do it on weekly or daily Tf. As high timeframe provides more clear direction. carefully read the More Details on the chart

Moon or No moon?

Wanted to share some Altcoin weekly charts but honestly i found it hard to post any. Most of the Altcoin charts are looking like this. No base at all straight down. I think the Altcoins market will take a lot of time to move. If we see a bounce in market, I think that will be short lived. I don't think Coins that came straight down will go straight up. At some point these Altcoin will go into deep consolidation phase and then we may see something good. Probably in Q3 or Q4

$SUI Bounced from a good zone. Honestly i am not interested in trading most of the Altcoins but since some you are asking about this coin. The only good trade setup i see on it is, If it gives a daily close above $2.40. The longer it will hold above it and the likely it will give you some more upside.

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