Hey #BinanceFam! ARBITRUM is flashing a bullish reversal signalâit just broke the downtrend, is coiling up in a falling wedge, and could be primed for a solid bounce. Dive in, Squareâstyle! đ
---
1. đ Whatâs the Setup?
Breakout in progress: ARB just pushed above its descending trendline (~$0.38â0.40) after completing a WâXâYâXâZ correction from the May low at ~$0.25 .
Volume confirmation risingâthe wedge breakoutâs backed by demand, signaling structure shift .
---
2. âď¸ Technical Pulse Check
Falling wedge resolved: Classic bullish reversal pattern after prolonged downtrend .
Support holding firm: Daily demand about $0.31â0.34 has acted as a perfect bounce zone .
Momentum green-lighted: MACD has turned bullish; RSI recovering from oversoldâearly signs of trend reversal .
---
3. đŻ Key Trade Zones
Trade Plan Entry Zone Targets Stop-Loss
Breakout Momentum $0.38â0.40 (trendline) $0.50 â $0.60 Below $0.36
Swing Zone Buy $0.36â0.38 retrace $0.40 â $0.44 Below $0.35â0.36 pivot
Deep Accumulate $0.31â0.34 baseline Build toward $0.44+ Below $0.30
Targets include fib extensions: 0.5â0.62 fib = ~$0.50â0.60 .
Momentum surge above $0.44â0.50 catalyzes next leg .
---
4. đ Why Itâs Shaping Up
Correction complete: ARB has bottomed after a steep 85% drop from all-time high .
On-chain building: Buyers consistently defended dip zones, suggesting accumulation .
Fundamental tailwind: VR tech, Layerâ2 adoption, and increased ecosystem activity add fuel to the setup .
---
5. â SquareâStyle Playbook
1. Momentum Entry: Long at $0.38â0.40 after wedge close.
2. Zone Buying: Add on retracement to $0.36â0.38 (tight SL).
3. Patience Accumulate: Layer in at $0.31â0.34 if price dips deeper.
đŻ Risk rule: Limit size to 2â3%, keep stops tight, and trail profits as price builds momentum.
---
6. đ What to Watch Next
A clean daily close above $0.44â0.50 on rising volume confirms breakout.
If $0.36â0.38 loses hold, watch for a deeper retest to the base zone (~$0.31â0.34).
Watch Bitcoin and DeFi sentimentâARB often follows sector mood.
---
đ Final Take for the Square Fam
ARB is forming a textbook bull reversal setup: falling wedge breakout, strong base support, rising volume, and fib targets calling for ~2x upside. Watch $0.38â0.40 breakouts, bounce zones, and structure ahead. If it holds, $0.50 â $0.60+ could be next. Trade smart, manage risk, and drop your charts belowâweâre stronger together! đđ
(Not financial advice. Always DYOR.)
---