Hey Striver 👋
🔗 Arbitrum just fumbled its breakout and slipped back into the bear pit — looks like the bulls are out of breath.
$ARB is trading near $0.326, down around -7.8% in the past 24 hours, with volume still heavy at $560M+. The weekly candle shows rejection at resistance, and momentum is rolling over.
🎯 Trade Plan (Short)
• Entry: $0.328 – $0.330
• TP1: $0.305
• TP2: $0.280
• SL: $0.336
🔍 Key Notes:
ARB failed to hold above the breakout zone near $0.34 and is now retesting the structure from below — a classic bearish signal. RSI is sliding, MACD has lost bullish crossover, and most moving averages have flipped bearish. Unless the price reclaims $0.335 with volume, bears are in control. Downside targets align with previous demand zones and Fibonacci supports.
✅ Final Verdict:
Go short. The bullish momentum has broken down, structure leans south, and risk-reward favors sellers. Let it drop — we’ll re-evaluate near $0.28.
This isn’t guesswork. It’s structure, signals, and precision.
👉 Got another chart to break down? Let’s prep it ⚡️
#REX-OSPREYSolanaETF #DYMBinanceHODL #OneBigBeautifulBill #StrategyBTCPurchase #ArbitrumARB
