Coco Bits
--
Bullish
🧊 $ARB at Extreme Lows — Bounce Incoming or Breakdown Continuation?
📍 Current Price: $0.3596
📉 24H Change: -X% (adjust as needed)
📊 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.
📈 Buy Setup – Oversold Rebound Play
Entry Zone: $0.355 – $0.365 ✅
Take Profit Targets:
TP1: $0.388
TP2: $0.412
TP3: $0.438
Stop Loss: $0.341
💡 Look for bullish engulfing or volume spike near support for confirmation.
🔻 Short Setup – Continuation Trade Below Support
Short Entry: $0.368 – $0.375 (on weak bounce)
TP1: $0.348
TP2: $0.325
SL: $0.385
⚠️ Use only if bounce fails and BTC shows weakness.
📊 Technical Snapshot
Support Zone: $0.340 – $0.355 (multi-week demand)
Resistance: $0.388 – $0.418
Trend: Bearish
RSI: Oversold (below 30)
Volume: Low but building slowly
🧾 Final Outlook:
$ARB is now at a do-or-die level. The $0.355–$0.365 zone is historically where short squeezes or whale accumulations can begin. A confirmed bounce could offer 10–20% upside. But if it loses $0.340 with volume, expect more downside.
📈 Bullish Above: $0.368
📉 Bearish Below: $0.341
⚠️ Risk Level: High – ideal for experienced or tight SL traders
#USCorePCEMay #USCorePCEMay #BTC110KToday? #BinanceAlphaAlert #BinanceAlphaAlert
📍 Current Price: $0.3596
📉 24H Change: -X% (adjust as needed)
📊 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.
📈 Buy Setup – Oversold Rebound Play
Entry Zone: $0.355 – $0.365 ✅
Take Profit Targets:
TP1: $0.388
TP2: $0.412
TP3: $0.438
Stop Loss: $0.341
💡 Look for bullish engulfing or volume spike near support for confirmation.
🔻 Short Setup – Continuation Trade Below Support
Short Entry: $0.368 – $0.375 (on weak bounce)
TP1: $0.348
TP2: $0.325
SL: $0.385
⚠️ Use only if bounce fails and BTC shows weakness.
📊 Technical Snapshot
Support Zone: $0.340 – $0.355 (multi-week demand)
Resistance: $0.388 – $0.418
Trend: Bearish
RSI: Oversold (below 30)
Volume: Low but building slowly
🧾 Final Outlook:
$ARB is now at a do-or-die level. The $0.355–$0.365 zone is historically where short squeezes or whale accumulations can begin. A confirmed bounce could offer 10–20% upside. But if it loses $0.340 with volume, expect more downside.
📈 Bullish Above: $0.368
📉 Bearish Below: $0.341
⚠️ Risk Level: High – ideal for experienced or tight SL traders
#USCorePCEMay #USCorePCEMay #BTC110KToday? #BinanceAlphaAlert #BinanceAlphaAlert
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
31
0