๐๐ Is ARBITRUM (ARB) Ready to Bounce? Key Technical Levels Revealed! ๐๐
$ARB has been consolidating for weeks โ is a breakout finally coming? Hereโs a quick but detailed technical breakdown you donโt want to miss. ๐
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๐ Technical Overview (4H & Daily Chart):
โข ๐ข Support Zone: $0.96
โข ๐ด Resistance: $1.18 (key breakout level)
โข ๐ Structure: Forming a potential ascending triangle
โข ๐น Volume: Increasing on green candles = bullish hint
โข ๐ RSI: Recovering from oversold, neutral-bullish
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๐ฏ Trade Setup (Swing Idea):
โข Entry Zone: $0.98โ$1.02
โข Target 1: $1.18
โข Target 2: $1.32
โข Stop-Loss: Below $0.91 (structure invalidation)
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๐ง My View:
Arbitrum is one of the strongest L2 projects in the space. With ETH congestion and scaling still a major issue, $ARB could ride the narrative when momentum picks up. ๐
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๐ฌ Whatโs your take on ARB? Ready to break out or still too early?
โค๏ธ Like, ๐ Save, and ๐ Follow for more high-quality setups!
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