š $ARB /USDT Market Analysis
š¹ Current Situation
Price: 0.5259 USDT (+10.02%)
24h High: 0.5366
24h Low: 0.4762
MA60: 0.5316 (Price is below this)
Volume: 72,877 (Less than MA5 and MA10 volume ā trading speed is relatively slow)
š Chart Structure
The market has seen a strong increase in the last 24 hours (+10%) ā showing a bullish momentum.
Support Level: 0.510 ā 0.515
Resistance Level: 0.535 ā 0.540 (currently near 24h high)
Price is playing in the range of 0.525 ā 0.535. The next breakout will be decisive.
š Possible Trade Plan
ā Long Setup (Bullish Scenario)
Entry: If the price breaks out above 0.536
Stop Loss: Below 0.515
Targets:
šÆ TP1: 0.550
šÆ TP2: 0.570
šÆ TP3 (Extended): 0.600
ā Short Setup (Bearish Scenario)
Entry: If the price closes below 0.520
Stop Loss: 0.536
Targets:
šÆ TP1: 0.510
šÆ TP2: 0.495
š® Summary
The market is currently in a bullish zone as the increase of the previous day is +10%.
However, since the price is below MA60 (0.5316) ā there is also short-term pressure.
Breakout above 0.536 = more bullish š
Breakdown below 0.520 = corrective decline š