Trade ARB in Futures Market at CoinDCX
Issued on: 8th Dec’23
Valid up to 15th Dec’23
Price Update
ARB price at the time of writing (8th Dec’23, 16:45) is $1.1629, with a 24-hour trading volume increased by 163.3% to $845 million. ARB price is up by 9.97% in the last 24 hours according to coinmarketcap.com.
Analysis
Analyzing the above chart:
- General market bullishness , bullish patterns (double bottom & bullish flag), volume, EMAs & recent surge in Ethereum suggest a positive outlook for ARB(L2 of ETH).
- A Long Trading strategy can be assessed between $1.1406 – $1.1683 with an invalidation below $1.0777 .
- On the upside, one can see a rise of 25-30% toward $1.2250, $1.3106 & $1.4966
- Risk to Reward Ratio: 1:6 (Considering Target 3)
- It would seem that one should maintain a balanced risk-to-reward ratio and check the use of leverage and position size to ride out current market conditions.
Note: ARB is now available in the futures market in both CoinDCX and CoinDCX Pro apps with up to 15x leverage.
Last 30 Days Analysis Summary
| DATE | TOKEN | Strategy (Long/Short) |
TOKEN RETURN% | TOKEN RETURN % (with 8x leverage) |
BTC RETURN% |
| 9-Nov | BCH | Long | -5.24% | -41.94% | -3.78% |
| 10-Nov | LDO | Long | 7.88% | 63.04% | 0.90% |
| 15-Nov | BNB | Long | 6.75% | 54.00% | 2.90% |
| 17-Nov | NEAR | Long | -5.23% | -41.84% | -1.76% |
| 17-Nov | OP | Short | 11.38% | 91.04% | -0.98% |
| 20-Nov | DYDX | Short | 9.26% | 74.08% | -4.09% |
| 22-Nov | BCH | Short | Not considered | ||
| 23-Nov | ETH | Long | 3.31% | 26.48% | 0.77% |
| 24-Nov | ACH | Long | 6.95% | 55.60% | 2.06% |
| 28-Nov | IMX | Short | -4.92% | -39.36% | 3.23% |
| 28-Nov | RUNE | Long | 16.56% | 132.48% | 1.14% |
| 4-Dec | ADA | Long | 15.85% | 126.80% | 7.83% |
| 6-Dec | DOT | Long | Trade is live | ||
| AVERAGE RETURN | 5.69% | 45.49% | 0.75% | ||
| SUCCESS RATE | 72.73% |
Return % is calculated based on pricing data as available on the platform and is valid for 15 days from the date of publishing.
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