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ARB

ARB/USDT bullish ride? 👀 🚀 Arbitrum today analysis💎 Paradisers, turn your attention to #ARBUSDT as we've spotted it making intriguing moves, currently trading within a demand zone and gearing up for a bullish surge. 💎 A look back reveals that #Arbitrum broke out of its descending channel, embarking on an upward trajectory. Adding to this, a recent shift has been noted where a previous supply zone has transformed into a demand zone. This transition hints at a likely bullish continuation from this very demand zone. 💎 Another angle to keep in mind: if the price of #ARB breaks below this demand zone, it might descend to its previous low. And if it breaches that previous low as well, a continued downtrend could be on the horizon. In both scenarios, trade with caution and strategy. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
Long
by MyCryptoParadise
ARB/USDT Break the Descending channel, Bullish Momentum ???Yello Paradisers, Potential Coin! #Arbitrum 💎 ARB has broken out of the descending channel on the 4H timeframe. This could signify bullish momentum for ARB, especially if the daily candle closes above the pattern. 💎 Examining previous movements, ARB has been navigating within a falling wedge pattern. Interestingly, the most recent lower low did not reach the support trendline of the falling wedge, but it did align with the Fibonacci 1.414 target down. 💎 Should the breakout of the descending channel fail, ARB is likely to revert downwards to test the Fibonacci area. This could be an optimal accumulation point as prices touching the golden ratio of 1.618 often result in significant bounces. Notably, this golden ratio also coincides with the area support trendline, enhancing the likelihood of a price bounce upon contact.
by MyCryptoParadise_Nathan
18
Long trade #12 for Arbitrum ARB price On March 31 this year, we published an idea with our thoughts on Arbitrum For those who are too lazy to read, we wrote that at $0.72, we would take a closer look at the coin and see if it is worth buying. The minimum was $0.74. Assuming that altcoins are finally "feeling their bottom," we can try the following long trade for ARBUSDT: Enter = 0.7632 Stop = 0.7390 (- 3.17%) TP = 0.9140 (+ 19.76%) P/L ratio = 6.2 We allocate $10,000 for this trade In the event of a mistake, we will lose $317 If the trade will be a success, we will receive a profit of $1976 What do you think about this trade, and what is your vision? Write about it in the comments!
Long
by P_S_trade
15
🔥 ARBITRUM Bearish Support Break OutAs of yesterday, ARB has fallen through a strong area of support which held the bull trend going for over a month. In my view, there's a high possibility that ARB will continue to fall, potentially even retesting the June lows around 0.92 ARB is quite oversold at the moment, so we're going to anticipate a bullish correction towards 1.19 or so. Stop just above 1.21 for an optimal risk-reward ratio. A more risk-averse trade would be to take (partial) profits around 1$.
Short
by FieryTrading
8