$ARB /USDT – Trade Setup & Technical Insights
ARB has jumped +11.92% to $0.5399, after hitting a daily high of $0.5825. This rally comes with strong trading volume (over 388M ARB), showing renewed buyer interest. Price is now consolidating just above $0.54, a key short-term support, after facing resistance at $0.58.
Long Setup (Breakout Play):
Entry: $0.550 – $0.560 (on confirmed breakout above $0.58)
Target 1: $0.60
Target 2: $0.64
Stop Loss: $0.53
Reason: A break and hold above $0.58 could trigger momentum buying, with the next resistance near $0.64.
Short Setup (Rejection Play):
Entry: $0.575 – $0.582 (if rejection occurs)
Target 1: $0.55
Target 2: $0.53
Stop Loss: $0.59
Reason: Multiple rejections at $0.58 could lead to short-term profit-taking and a pullback towards $0.53 support.
If ARB stays above $0.54, the bullish structure remains intact. A strong breakout over $0.58 could open the door to a rally toward $0.64, while a rejection here may see a retest of lower supports.
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