The downtrend on ARB has been strong, and the price is now sitting at critical lows. While it's tempting to buy here hoping you've caught the absolute bottom, this is a very high-risk play.
Professional traders don't guess. They wait for the market to give them confirmation. Here is the checklist of what we need to see before a safe buy signal is triggered.
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📊 The Bearish Reality (What's Happening Now?)
🔹 Strong Downtrend: The ZigZag indicator clearly shows a pattern of lower highs and lower lows. Sellers are in full control.
🔹 Resting on Lows: The price is at the absolute low of this chart, around $0.3200. There is no proven support here yet.
🔹 No Reversal Signal... Yet: The chart has not formed a "W" bottom, a bullish divergence, or a break of the downtrend. Buying now is a gamble on hope.
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📈 The Bullish Reversal Checklist (Wait for these signals!)
Before you consider buying ARB, wait for at least two of these signs to appear:
✅ A Higher Low: The price needs to bounce from here, then pull back to a level that is higher than the $0.3200 low. This is the first signal that buyers are starting to fight back.
✅ Break of Downtrend Structure: The price must break and close above the most recent downtrend line (the last leg of the ZigZag).
✅ A Bullish Engulfing Candle: Look for a large green candle that completely "engulfs" the previous red candle, showing a sudden and powerful shift in momentum.
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🔥 The Bottom Line: Don't try to catch a falling knife. The most profitable trade is often the one you wait for. By waiting for the chart to confirm the reversal, you trade with high probability, not high risk.
👇 What's the first signal you'll be looking for to buy ARB? Let me know! 👇
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