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$ARB /USDT Technical Breakdown โ Bullish Recovery Underway๐ค๐ฅ๐
๐ธ Current Price: $0.3061
๐ธ 24H High/Low: $0.3111 / $0.2899
๐ธ Trend Bias (Short-Term): Early bullish reversal signs
๐ 1H Chart Observations:๐
$ARB Price retesting the 20 EMA support at $0.3040, showing consolidation just below the 50 EMA resistance ($0.3072).
MACD is showing momentum shift with bullish crossover and green histogram rising.
RSI currently at 52.79, reflecting balanced conditions but with slight bullish strength.
๐ 4H Chart Observations:๐
Recent bullish engulfing candles off the $0.29 support zone suggest short-term trend reversal.
$ARB Price aiming to reclaim the 20 EMA ($0.3143) โ a successful breakout could open path toward 50 EMA at $0.3435.
RSI at 39.08 indicates there's room for upside before hitting overbought territory.
๐น Bullish Trade Strategy Plan:
๐ Entry Zone: $0.3040 โ $0.3070 (on support hold confirmation)โ
๐ฏ Target 1: $0.3140
๐ฏ Target 2: $0.3280
๐ฏ Target 3: $0.3430
๐ก๏ธ Stop Loss: Below $0.2950 (major support + invalidation of structure)
๐ Why Bullish?๐ค๐ฅ
MACD crossover + histogram building strength.
Bullish engulfing and recovery from oversold RSI zones.
Higher lows forming on both timeframes; buyers defending $0.29 zone strongly.
๐ก Pro Tip: Wait for a confirmed breakout above $0.3075 with volume. If price breaks and closes above $0.3143 (20 EMA on 4H), expect acceleration toward next resistance.
๐ง "Trade the chart, not your emotions. The market rewards patience, not impatience."
๐ Not financial advice. Please do your own research before investing.
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