📉 Overview:
Since its all-time high, ARB has dropped nearly 90%, continuing to move inside a well-defined descending channel.
Currently, we’re seeing another phase of consolidation forming just under the midline of that channel.
📌 Trade Setup:
▪️ A partial entry is already possible at current levels.
▪️ Keep in mind: price may revisit the $0.25 zone, potentially forming a double bottom — a strong technical base for a long setup.
▪️ If price skips the retest and instead breaks and holds above $0.46, the remaining capital can be used to join the breakout from the channel’s core.
🧠 Everything depends on your strategy and risk management. This isn’t financial advice — just a map for a possible direction worth tracking.
🧱 Market Sentiment:
Sentiment remains bearish, with many holders still trapped above $1 — a pattern similar across most L2 tokens.
🎯 We don’t guess. We listen to price and react accordingly.
Since its all-time high, ARB has dropped nearly 90%, continuing to move inside a well-defined descending channel.
Currently, we’re seeing another phase of consolidation forming just under the midline of that channel.
📌 Trade Setup:
▪️ A partial entry is already possible at current levels.
▪️ Keep in mind: price may revisit the $0.25 zone, potentially forming a double bottom — a strong technical base for a long setup.
▪️ If price skips the retest and instead breaks and holds above $0.46, the remaining capital can be used to join the breakout from the channel’s core.
🧠 Everything depends on your strategy and risk management. This isn’t financial advice — just a map for a possible direction worth tracking.
🧱 Market Sentiment:
Sentiment remains bearish, with many holders still trapped above $1 — a pattern similar across most L2 tokens.
🎯 We don’t guess. We listen to price and react accordingly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.