To determine trade entry, stop loss, and exit points for $ARB /USDT, here's a possible approach :
Trade Setup
Entry:
Enter the trade around $0.7925, the current price. Ensure confirmation of a bullish reversal (e.g., a higher low on a smaller time frame).
Stop Loss:
Place the stop loss below the 24h low of $0.7878, at approximately $0.7850, to minimize risk.
Take Profit (Exit):
First target: Near the 24h high of $0.8227.
Second target: Use a 1:2 or 1:3 risk-to-reward ratio based on your stop-loss distance.
Risk Management: Always use a risk percentage you’re comfortable with, such as 1-2% of your total capital.