🚀 $ARB Trade Setup – Descending Channel Breakout?
📊 Price Action:
- Trading in a descending channel (1H chart)
- Bouncing from key support at $0.4050
- RSI downtrend nearing reversal → Potential bullish momentum shift
🎯 Breakout Conditions:
1️⃣ Immediate Resistance: Channel upper trendline
2️⃣ Confirmation: Close above 100 MA + RSI break
3️⃣ Target: $1.00 (If momentum holds)
⚠️ Key Levels:
- Support: $0.4050 (must hold)
- Resistance: Channel top → then $0.50 (next hurdle)
Why Watch?
- Rising volume + whale interest
- Strong ecosystem fundamentals (Arbitrum adoption)
Trade here 👉 $ARB *(DYOR – Not advice)*
