Quick trading opportunity on $ARB – Are we on the verge of a strong rebound?
Current price: $0.4312
Lowest price today: $0.4065
Technical indicators:
RSI: at 64.8 → Approaching overbought territory.
Bollinger Bands: the price has breached the average and is closer to the upper limit = buying pressure.
MACD: Beginning of a positive bullish crossover (DIF line above DEA).
Entry Opportunity:
Entry at: $0.4320 – after confirming the breakout of the moving average.
Targets:
First target: $0.4460
Second target: $0.4600
Third target (extension): $0.4670
Stop Loss:
Below the last support area: $0.4180
Overview: Trading volume is increasing and the price shows signs of stability after a violent correction, which may provide an opportunity for a momentary rise
