๐ŸงŠ $ARB at Extreme Lows โ€” Bounce Incoming or Breakdown Continuation?

๐Ÿ“ Current Price: $0.3596

๐Ÿ“‰ 24H Change: -X% (adjust as needed)

๐Ÿ“Š Category: L2 Ethereum / Oversold Territory

Arbitrum has fallen into deep demand territory, hovering near its historical low zone. Price action is flat, and traders are now watching closely for either a bounce from oversold levels or a flush into capitulation.

๐Ÿ“ˆ Buy Setup โ€“ Oversold Rebound Play

Entry Zone: $0.355 โ€“ $0.365 โœ…

Take Profit Targets:

TP1: $0.388

TP2: $0.412

TP3: $0.438

Stop Loss: $0.341

๐Ÿ’ก Look for bullish engulfing or volume spike near support for confirmation.

๐Ÿ”ป Short Setup โ€“ Continuation Trade Below Support

Short Entry: $0.368 โ€“ $0.375 (on weak bounce)

TP1: $0.348

TP2: $0.325

SL: $0.385

โš ๏ธ Use only if bounce fails and BTC shows weakness.

๐Ÿ“Š Technical Snapshot

Support Zone: $0.340 โ€“ $0.355 (multi-week demand)

Resistance: $0.388 โ€“ $0.418

Trend: Bearish

RSI: Oversold (below 30)

Volume: Low but building slowly

๐Ÿงพ Final Outlook:

$ARB is now at a do-or-die level. The $0.355โ€“$0.365 zone is historically where short squeezes or whale accumulations can begin. A confirmed bounce could offer 10โ€“20% upside. But if it loses $0.340 with volume, expect more downside.

๐Ÿ“ˆ Bullish Above: $0.368

๐Ÿ“‰ Bearish Below: $0.341

โš ๏ธ Risk Level: High โ€“ ideal for experienced or tight SL traders

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