#arbitrum is breaking down after a massive rally to $1.67. #ARB has now retraced into my minimum targets area highlighted on the charts using the red target box between $1.5 and $1.4. As long as this target holds watch for a bounce within the area having $1.5 and $1.67 as the next targets.A break out of the red target box to the lower side I have my targets at $1.28 as the breakdown target.