📊 $ARB
Breaks the bottom and rises to the highest level since February: Is it time for smart selling? 🚀📈
The Arbitrum token is experiencing a strong upward wave after breaking the bottom pattern, surpassing the $0.55 barrier for the first time in eight months. Today's candle is completely green, and the volume is the highest since February, reflecting strong liquidity entry and confirmed momentum.
🔍 Current Technical Analysis
- Current price: $0.5498 (+15.6%)
- Next resistance: $0.6226 then $0.8578
- Main target: $1.85 within 1–3 months
- Trend: Medium-term bullish, supported by strong momentum and institutional accumulation
📈 Smart Selling Strategy
- Don't sell early: The market is in a clear upward wave, and retracements often end at higher bottoms
- Watch the resistance at $0.8578: A suitable area for partial profit-taking, with the intention to re-buy at a lower price
- Final target: Sell near $1.85, where a temporary halt or sideways correction is expected
🧠 Trading Tips
- Common mistake: Selling early or holding forever
- Best: Sell at the peak, then re-enter after the correction
- Use indicators like RSI and MACD to confirm entry and exit points