$ARB Testing Short-Term Resistance, What’s Next?
ARB is trading at $0.5153, showing mild recovery after recent downside pressure. The price is consolidating around key support while attempting to reclaim higher levels. Momentum remains uncertain, and traders should watch for a breakout or breakdown to set the next direction.
Key Levels to Watch
• Resistance: $0.5200 – $0.5300. A breakout above this zone could spark upside toward $0.5450 and $0.5650.
• Support: $0.5125 – $0.5050. A breakdown below could expose further weakness toward $0.4950 and $0.4820.
Trade Setup – Volatility Ahead
• Bullish Entry: A strong move above $0.5200 may target $0.5450 and $0.5650.
• Bearish Entry: A rejection below $0.5125 could lead to $0.4950 and $0.4820.
Market Insight
Buy-side volume shows early signs of support near $0.5125, but resistance overhead remains strong. A decisive close above $0.5200 is crucial for bulls to regain momentum.
