🟢 ARB 4H Setup: EMA20 Reclaim LONG
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📈 Bias: Recovery. ARB trades near 0.1650 (+1.9% 24H) and just reclaimed EMA20 0.1644. EMA50 0.1686 and EMA200 0.1783 still sit above. The Oct 30 flush wicked to 0.1480 and buyers have held 0.1599 since.
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🧱 Support: 0.1610-0.1625 base, then 0.1599 and 0.1480
🚧 Resistance: 0.1687 EMA50, 0.1760, 0.1786
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🎯 Plan (LONG)
Entry: 0.1610-0.1625
Stop loss: 0.1578
TP1: 0.1687
TP2: 0.1760
TP3: 0.1786
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🧠 Why: Two days of higher lows above 0.1599 plus an EMA20 reclaim. A dip into the base gives a tight stop with room up to the Oct 28-29 highs near EMA200.
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⚠️ Risk: A 4H close below 0.1578 voids the idea and reopens 0.1480. Size small; the bigger trend is still down.
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Not financial advice. DYOR.
⠀
$ARB $BTC #ARB #Arbitrum #CryptoTrading #TechnicalAnalysis
⠀
📈 Bias: Recovery. ARB trades near 0.1650 (+1.9% 24H) and just reclaimed EMA20 0.1644. EMA50 0.1686 and EMA200 0.1783 still sit above. The Oct 30 flush wicked to 0.1480 and buyers have held 0.1599 since.
⠀
🧱 Support: 0.1610-0.1625 base, then 0.1599 and 0.1480
🚧 Resistance: 0.1687 EMA50, 0.1760, 0.1786
⠀
🎯 Plan (LONG)
Entry: 0.1610-0.1625
Stop loss: 0.1578
TP1: 0.1687
TP2: 0.1760
TP3: 0.1786
⠀
🧠 Why: Two days of higher lows above 0.1599 plus an EMA20 reclaim. A dip into the base gives a tight stop with room up to the Oct 28-29 highs near EMA200.
⠀
⚠️ Risk: A 4H close below 0.1578 voids the idea and reopens 0.1480. Size small; the bigger trend is still down.
⠀
Not financial advice. DYOR.
⠀
$ARB $BTC #ARB #Arbitrum #CryptoTrading #TechnicalAnalysis
