Long on ARRRUSDT at 1.7755 with SL 1.6530

I see POI at 1.7755

It should be a perfect buying opportunity with stop loss at 1.6530

Reason;

I usually use Fib retracement as my basic strategy as well as support and resistance . I see a perfect retracement on golden zone 78.6 with proper resistance at 1.7755 which also aligns with my POI. Take profits are just truly based on inverse FIBS

Take profit 1 ( 2.19 )
Take profit 2 ( 2.44 )
Take profit 3 ( 2.69 )

Stop loss is set at 1.6530 as it will form new Lower Low and can possibly be a reversal from there on.

Keep you short loss small and profits big

This trade is 1:7.5 risk to reward ratio.

This is not financial advice. Invest only what you are prepared to lose and do not predict the movements, READ the charts.

Best wishes,

Zaki