$ARB is trading in a sideways to bullish trend
Key support is holding at $0.87, while resistance sits near $1.05. A breakout above $1.05 could trigger momentum toward the mid-$1.20s.
Fibonacci Levels:
Recent retracement shows $ARB respecting the 0.382 level ($0.92) as strong support. If it holds, the next zones are:
0.5 retracement: $1.00 – testing psychological and technical resistance.
0.618 retracement: $1.08 – crucial breakout zone for further upside.
RSI (Relative Strength Index):
Current RSI is at 53, indicating a neutral-to-slightly bullish momentum. No overbought signals yet, leaving room for a potential rally.
Entry Zones:
Safer entry: $0.90 – near support, aligning with 0.382 Fibonacci.
Aggressive entry: $0.95 – buying into momentum before resistance retest.
Take-Profit Zones:
TP1: $1.10 – Fibonacci 0.618 resistance zone.
TP2: $1.20 – potential breakout target if momentum holds.
Stop-Loss Ideas:
Conservative: Below $0.87 (major support break).
Tight: Below $0.92 (just under safer entry zone).
$ARB is consolidating, but the structure suggests a potential push higher if BTC maintains strength. Watch for a clean breakout above $1.05 for confirmation.
