🚨 Is the ARB bullish explosion near or a trap of greed? 🤔📉
The ARB token shows a double bottom pattern on the daily timeframe, which is a classic signal for a bullish reversal 🔄, especially after breaking the neckline at $0.48.
But don't be fooled! Unlocking tokens is temporarily putting pressure on the price and could drag it down to $0.44–$0.40 if the bulls 🐂 fail to take control.
🔍 On the 4H timeframe, we notice sideways accumulation inside a symmetrical triangle, which paves the way for an imminent price explosion — but in which direction?
📊 Technical indicators lean towards the bullish side, and we might see a push towards $0.58 then $0.65 upon breaking $0.50 with strong volume.
✍️ Expert advice: Don’t chase greed and don’t underestimate fear… watch the breakout closely, and only act when the market speaks clearly! 💥
