ARB/USDT โ Daily Trendline Break | Target: 2.40 ๐๐ฅ
Whatโs up traders ๐
ARB (Arbitrum) is finally showing signs of life. After being suppressed under a long-term descending trendline, weโve got a confirmed breakout on the daily chart โ and thatโs the signal weโve been waiting for.
๐ Downtrend Broken โ Momentum Shift in Motion
For weeks, ARBโs been stuck in a slow grind down โ lower highs, lower lows, rinse and repeat. But that structure is now broken.
Price has closed above the daily trendline
Volume is starting to tick up
Candles are printing strong bodies, not just wicks โ thatโs a shift in sentiment
This isnโt just a bounce โ itโs a potential reversal.
๐ฏ Trade Setup
Entry: At or around current levels (post-breakout)
Target: $2.40 โ a major resistance zone and previous range top
Stop Loss: $0.23 โ deep, but protects against daily shakeouts and confirms invalidation if hit
Yes, the stop is far โ but thatโs the price of playing a high-timeframe trend reversal. This is a position trade, not a scalp.
๐ Why It Matters
Daily trendline breaks donโt come often โ and when they do, they usually mean business
Arbitrum is a major Layer 2 project โ when the market turns, L2s tend to run hard
A reclaim of structure combined with bullish sentiment could fuel a strong move
๐ฌ Are You Riding This Wave or Waiting on Retests?
Letโs talk setups โ and if youโre in this trade, how are you managing risk?
#ARBUSDT #Arbitrum #Altcoins #CryptoTrading #DailyBreakout