💬Consolidation with further upside exit - #ARB
✔️At the moment we can observe how long the asset is trading inside the mirror descending channel, as well as how locally a large player is trying to hold the volumetric POC level➡️
In the near future I expect to see a false breakdown of the lower channel boundary with a test of the valid support zone followed by an impulsive move up to the swing high of $0.89📈
🔜I plan to enter the trade from current(0.779$-0.75$).
🛑 Stop loss will be at the level of (0.717$)
✅First take (0.828$)
✅Second take ($0.8463)
✅Third take ($0.89)
When the first takeout is reached, the stop loss should be moved to breakeven.
Reaching the third takeiq will amount to 14% of net movement excluding shoulders.