๐จ $ARB /USDT โ Breakdown or Bounce Incoming? โ ๏ธ๐
#Arbitrum is tumbling at $0.3254 (-13.25%), tagging support near $0.3212 after a sharp drop from $0.3762. With RSI crushed to 25.88, could ARB be prepping for a relief rally?
๐ Market Overview
๐ Current Price: $0.3254
๐ 24h High: $0.3762
โ๏ธ 24h Low: $0.3212
๐ Parabolic SAR: Around $0.3108 (Downtrend still in motion)
๐ MACD Momentum:
DIF: Falling
DEA: Diverging lower
MACD: Strongly bearish โ but nearing oversold bounce potential
๐ ARB Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If ARB Holds Above $0.3210):
Entry: Above $0.3320
Targets: $0.3520, $0.3730, $0.3900
Stop-Loss: $0.3100
๐น Bearish Scenario (If ARB Breaks Below $0.3100):
Entry: Below $0.3080
Targets: $0.2940, $0.2890, $0.2750
Stop-Loss: $0.3320
๐ Should You Hold or Sell?
โ RSI at 25.88 = deep oversold zoneโshort-term bounce possible
โ Holding above $0.3210 could ignite a bounce toward $0.352+
โ If $0.3100 cracks, expect panic-driven drop toward $0.29 range
๐ก Pro Tip:
โ ๏ธ Donโt rush inโwait for volume and confirmation above $0.3320
๐ Oversold rallies can be sharp but short-livedโscale in, donโt chase!
๐ข Will you ride the bounce or short the breakdown? Letโs talk strategy below!
๐ฅ LIKE & SHARE for more fire setups across the L2 ecosystem! ๐