$ARB
🚨 ARB at $0.1668 - will it explode after settling at $0.16?
Current situation:
ARB is trading now at $0.1668 (+7.26% today)
Open: $0.1555 | High: $0.1739 | Low: $0.1542 | Volume: ∼1.97 billion $
After the Fed raised rates by 25 points, the whole market dropped, and ARB was the strongest in the Top 100 with a rise of +11.75% yesterday.
My technical analysis:
1. Strong support: $0.16 - it hasn’t fallen below it since yesterday
2. Resistance: $0.1706 - $0.1739 - it touched it and bounced back; it needs a sustained close above it
3. Target: breaking $0.1739 opens the way for $0.19 then $0.22
Positive news: Standard Chartered Bank expects ARB to reach $10 by 2030 due to Robinhood Chain profits.
My strategy:
I bought at $0.1559 and I’m currently up +7%.
• New entry: wait for a correction to $0.16 - $0.162
• Stop loss: $0.1497
• First target: $0.1739
Second target: $0.19
Don’t buy at the top; wait either for a drop to $0.16 or for a sustained break above $0.1706.
Are you holding ARB? What’s your target this week?
#ARB #Arbitrum #BTC #BinanceSquare #CryptoAnalysis
$ARB
$ALLO
🚨 ARB at $0.1668 - will it explode after settling at $0.16?
Current situation:
ARB is trading now at $0.1668 (+7.26% today)
Open: $0.1555 | High: $0.1739 | Low: $0.1542 | Volume: ∼1.97 billion $
After the Fed raised rates by 25 points, the whole market dropped, and ARB was the strongest in the Top 100 with a rise of +11.75% yesterday.
My technical analysis:
1. Strong support: $0.16 - it hasn’t fallen below it since yesterday
2. Resistance: $0.1706 - $0.1739 - it touched it and bounced back; it needs a sustained close above it
3. Target: breaking $0.1739 opens the way for $0.19 then $0.22
Positive news: Standard Chartered Bank expects ARB to reach $10 by 2030 due to Robinhood Chain profits.
My strategy:
I bought at $0.1559 and I’m currently up +7%.
• New entry: wait for a correction to $0.16 - $0.162
• Stop loss: $0.1497
• First target: $0.1739
Second target: $0.19
Don’t buy at the top; wait either for a drop to $0.16 or for a sustained break above $0.1706.
Are you holding ARB? What’s your target this week?
#ARB #Arbitrum #BTC #BinanceSquare #CryptoAnalysis
$ARB
$ALLO