📉SHORT $ARB (4H)
Analysis: Arbitrum (ARB) is showing signs of a potential downtrend after hitting a resistance near $0.3964. The current setup displays a bearish rejection, which indicates further downward movement might be on the horizon. A huge CME gap suggests a prime opportunity for price action in the coming days.
Price Targets: Keep an eye on the support at $0.3042 if the downtrend continues. If ARB breaks through, further decline might test lower ranges. On upward movement, breaching $0.3964 resistance could target the $0.4200 area. Stay tuned for volatility!
DYOR NFA