Arbitrum
Short
Updated

One more low for me to take a position on ARBUSD

550
It looks like ARB is following a descending channel pattern right now. This pattern is formed by connecting the lower highs and lower lows of its price using parallel lines, showing that it's on a downward trend. From what I've observed, I believe that ARB's price might touch the bottom of this descending channel before it starts moving upward towards new highs.
Trade closed: target reached

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