๐ฃ 100M $ARB STIMULI AND USDG AGAINST PANIC! EXTREME BOTTOM โ TIME TO BUY THE BOUNCE? ๐๐ฅ
Despite the launch of USDG and the development of Robinhood Chain, unlock pressure proved stronger than the positive ecosystem news. The price of $ARB fell to $0.1824, settling below the daily Bollinger Band. MACD signals accelerating bearish momentum, while the lack of revenue sharing leaves the token vulnerable to new lows. Trying to catch a bounce here means going against the trend, so the priority remains shorting a retest or a break below the $0.1800 support.
๐ Setup:
Entry: $0.1820 โ $0.1880
TP: $0.1650 / $0.1510
SL: $0.1960
#Arbitrum #ARB #CryptoNews #TechnicalAnalysis #BinanceSquare $ARB
Despite the launch of USDG and the development of Robinhood Chain, unlock pressure proved stronger than the positive ecosystem news. The price of $ARB fell to $0.1824, settling below the daily Bollinger Band. MACD signals accelerating bearish momentum, while the lack of revenue sharing leaves the token vulnerable to new lows. Trying to catch a bounce here means going against the trend, so the priority remains shorting a retest or a break below the $0.1800 support.
๐ Setup:
Entry: $0.1820 โ $0.1880
TP: $0.1650 / $0.1510
SL: $0.1960
#Arbitrum #ARB #CryptoNews #TechnicalAnalysis #BinanceSquare $ARB
