Arbitrum (ARB) | Resistance Into Reversal – Short Setup Forming

[cryptoenthusiast]

Looks like a sweet spot for a short here; sellers managed to turn this resistance zone into a successful reversal area where we will need to see similar MSB (on smaller timeframes like 30M) like we had on the 26th of March.

So the game plan is simple: look for proper market structure break here and as soon as we get one, we are looking for an ideal entry for a short position with good RR ratio.

[nihalsari]

waiting for a lower timeframe market structure break (MSB) is a reasonable trigger to reduce false entries.

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@cryptoenthusiast said in Arbitrum (ARB) | Resistance Into Reversal – Short Setup Forming:

Looks like a sweet spot for a short here; sellers managed to turn this resistance zone into a successful reversal area where we will need to see similar MSB (on smaller timeframes like 30M) like we had on the 26th of March.

So the game plan is simple: look for proper market structure break here and as soon as we get one, we are looking for an ideal entry for a short position with good RR ratio.

rr only matters if the structure actually confirms, otherwise it’s just hope with math