$ARB is showing strong short-term momentum after breaking out of the previous range, but price is now approaching a major 1H supply zone around $0.118-$0.119. This area could attract sellers, especially after the sharp impulsive move from the $0.09 region.
If the move continues, a retest of $0.118-$0.119 is likely the next key area to watch. Failure to break and hold above this zone could trigger a pullback toward the $0.088-$0.093 demand zone, which is the main area where buyers may look to step back in.
The setup remains bullish while the recent breakout structure holds, but chasing the current move carries higher risk. A clean breakout above $0.120 would weaken the pullback idea, while rejection from supply would make the lower demand zone the key downside target.
#ARB #Macro Insights# #Altcoin Season#
If the move continues, a retest of $0.118-$0.119 is likely the next key area to watch. Failure to break and hold above this zone could trigger a pullback toward the $0.088-$0.093 demand zone, which is the main area where buyers may look to step back in.
The setup remains bullish while the recent breakout structure holds, but chasing the current move carries higher risk. A clean breakout above $0.120 would weaken the pullback idea, while rejection from supply would make the lower demand zone the key downside target.
#ARB #Macro Insights# #Altcoin Season#
