$ARB
๐ ARB/USDT | Will the uptrend continue?
ARB is at $0.1066 after recording a high of $0.1202, and the bullish structure is still intact since the $0.0722 low.
๐น Support:
$0.0976 โ $0.0894โ0.0909 โ $0.0831
๐น Resistance:
$0.1120 โ $0.1139 โ $0.1202
๐ Bullish scenario:
A breakout and strong close above $0.1139โ0.1202 could open the way toward $0.1495, then $0.1729.
๐ป Bearish scenario:
Breaking below $0.0831 weakens the structure and opens the way for a retest of $0.0722.
๐ RSI on 1H has pulled back to 51, while 4H and the daily are at 65โ66; meaning the overbought condition has been partially released, but momentum remains high.
Summary:
The trend is bullish, but after this sharp rise, I donโt recommend chasing the price. Watch the reaction at the supports or wait for breakout confirmation.
โ ๏ธ For discussion only, not financial advice
#ARB
๐ ARB/USDT | Will the uptrend continue?
ARB is at $0.1066 after recording a high of $0.1202, and the bullish structure is still intact since the $0.0722 low.
๐น Support:
$0.0976 โ $0.0894โ0.0909 โ $0.0831
๐น Resistance:
$0.1120 โ $0.1139 โ $0.1202
๐ Bullish scenario:
A breakout and strong close above $0.1139โ0.1202 could open the way toward $0.1495, then $0.1729.
๐ป Bearish scenario:
Breaking below $0.0831 weakens the structure and opens the way for a retest of $0.0722.
๐ RSI on 1H has pulled back to 51, while 4H and the daily are at 65โ66; meaning the overbought condition has been partially released, but momentum remains high.
Summary:
The trend is bullish, but after this sharp rise, I donโt recommend chasing the price. Watch the reaction at the supports or wait for breakout confirmation.
โ ๏ธ For discussion only, not financial advice
#ARB
