$ARB is moving inside a clean upward channel, $currently pulling back toward the 0.3175 support and trend-line after rejecting from the 0.3627 resistance. If buyers step in around trend-line support, the bullish structure could continue, pushing price back toward the top of the range.
đ Key Levels: ⢠Buy zone: 0.3175 â 0.3200 ⢠Buy trigger: bounce from trend-line ⢠Target: 0.3627 ⢠Sell trigger: break and hold below 0.3175
⸝
đĄ Risks: ⢠Flag breakdown or failure at support may push price lower. ⢠Loss of trend-line = structure invalidation. ⢠Market-wide pullbacks could pressure ARB even with strong setup.
#ARB #Arbitrum $ARB Traders, if you liked this idea or if you have your own opinion about it, write in the comments
$ARB is moving inside a clean upward channel, $currently pulling back toward the 0.3175 support and trend-line after rejecting from the 0.3627 resistance. If buyers step in around trend-line support, the bullish structure could continue, pushing price back toward the top of the range.
đ Key Levels: ⢠Buy zone: 0.3175 â 0.3200 ⢠Buy trigger: bounce from trend-line ⢠Target: 0.3627 ⢠Sell trigger: break and hold below 0.3175
⸝
đĄ Risks: ⢠Flag breakdown or failure at support may push price lower. ⢠Loss of trend-line = structure invalidation. ⢠Market-wide pullbacks could pressure ARB even with strong setup.
#ARB #Arbitrum $ARB Traders, if you liked this idea or if you have your own opinion about it, write in the comments
đ¨ #Ethereum is below the realized price of $2,000! This is a rare event. The last time this happened was in March 2020, when ETH dropped from $283 to $109.