đ ARB/USDT Long Trade Setup đ
We are watching a strong setup developing on ARB/USDT â hereâs the key breakdown:
đč Falling Wedge Breakout:
Arbitrum is currently breaching the upper border of a falling wedge pattern on the daily timeframe â a classic bullish reversal signal.
đč Volume Confirmation:
Volume indicators are showing increasing buyer interest at current price levels, adding strength to the breakout possibility.
đč Entry Plan:
We are monitoring for a confirmed breakout and potential retest above the wedge resistance before considering a long position.
đč Target:
đŻ Initial bullish target is set at $0.83.
Further upside potential will be reassessed once the first target is approached.
đč Risk Management:
Proper stop-loss placement is crucial. Always apply good risk-reward practices based on your entry.
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$ARB #ARBUSDT #longtrade