ARB/USDT Analysis - 1 minute
Current price: 0.1532 rising +15%
What happened:
The price dropped to 0.1506 at 6:39 AM and bounced strongly.
Currently above the moving averages: MA7 0.1524, MA25 0.1527, and MA99 0.1513, which is positive.
The Supertrend is still acting as resistance at 0.1548
Resistance: 0.1540 - 0.1548 (there is selling there)
Support: 0.1515 - 0.1524
Scenario:
If it closes above 0.1540 -> the target is 0.1562 (24-hour high), then 0.1580
If it fails -> it will return to test 0.1515
Entry: 0.1528 - 0.1530
Stop loss: 0.1515
First target: 0.1562
Second target: 0.1580
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