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