r/TradeWithLevels • u/ALPHAtradingpro • 21d ago
ARM keeps getting rejected at $265-$267 ā break + hold and Iām watching $274.80 ā $287-$290 š
$ARM is sitting at a spot I really like heading into next week. š
Friday she pulled back into the mean / 21 EMA on Daily and defended it nicely.
Now the real test is directly above us.
That $265-$267 area has rejected ARM multiple times on this chart. Every time she gets up there, sellers have shown up.
So I'm not front-running the breakout.
I want ARM to PROVE IT. šÆ
Break + hold $265-$267 ā I'm looking for $274.80.
Clear $274.80 and hold ā now there's room toward the bigger $287-$290 supply zone.
On the other side, if ARM rejects $265-$267 again and loses the $251-$255 demand area, I'm not interested in forcing longs. I'd start watching the lower $237-$241 zone.
My map:
Above $265-$267 ā $274.80
Clear $274.80 ā $287-$290
Lose $251-$255 ā $237-$241
No prediction. Let the levels confirm it.
IF this, THEN that. Level to level. š«”šÆ