Two possible position for ARPA
Hi guys,
As you can see ARPA is in a strong down trend on 1hr and 4hr time frame so short positions are more favorable.
The zone I have pointed is based on using Fib extension, price action and volume where price action shows a strong support or resistance level, and volume is high in regards to illustrate interest of traders in those areas.
There is an area of demand and an area of supply pointed out in the chart, make sure open the trade with confirmation in lower timeframe such as 5min or 15min.
As you can see ARPA is in a strong down trend on 1hr and 4hr time frame so short positions are more favorable.
The zone I have pointed is based on using Fib extension, price action and volume where price action shows a strong support or resistance level, and volume is high in regards to illustrate interest of traders in those areas.
There is an area of demand and an area of supply pointed out in the chart, make sure open the trade with confirmation in lower timeframe such as 5min or 15min.