Macro downtrend intact, price rejected from descending trendline multiple times. •
Current Drawdown: ~84% from ATH – indicating deep retracement and potential reaccumulation phase.
• Structure: Price consolidating within a defined accumulation range between $0.30-$0.40. Demand is stepping in near range lows with wicks indicating buyer absorption.
Breakout Condition: → HTF (weekly) close above $0.48 with strong volume = structural breakout → Confirmed breakout above range high + trendline = bullish market structure shift
Follow Upside Targets: $1.00 → $2.00 → $5.00
Invalidation Zone: → Clean HTF close below $0.24 = invalidation of accumulation thesis → Until then, dips into demand remain buy zones; invalidation only triggered on structural breakdown
R/R Outlook: → Wide stop, but multi-x reward setup → Favorable for long-term positional entries with defined HTF structure
Accumulation evident in key weekly demand zone. Break above $0.48 = trigger for bullish continuation structure. Until then, watch for HTF sweep + reclaim setups and volume confirmation.
#ARB #ARBİTRUM @Arbitrum ⓥ $BTC $ARB
