๐น $ARB /USDT Chart Analysis (Both Side Trade)
๐ Technical Indicators #ARB๐ฅ๐ฅ๐ฅ
1. ๐ Chart Pattern:
A descending triangle pattern is forming, indicating potential bearish momentum.
2. ๐ Support Levels:
Major Support: $0.819 (Critical to hold).
Retest Levels:
$0.993
$0.933
$0.900
3. ๐ Resistance Levels:
Breakout Level: $1.108
Additional Resistances:
$1.153
$1.200
$1.237
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๐ Analysis
๐ป Descending Triangle:
Suggests bearish sentiment; a breakdown below the $0.819 support could trigger further downside.
๐ Support Levels:
$0.819 is a critical level to watch.
If broken, it may lead to accelerated selling pressure.
๐ Resistance Levels:
$1.108 breakout level is key for confirming bullish momentum.
Successful breaches of resistance levels like $1.153 and above would indicate stronger bullish sentiment.
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๐ Trading Strategy
1. ๐ป Sell Setup:
Trigger: Price breaks below $0.819.
Stop-Loss: Place above $1.108 breakout level.
2. ๐ Buy Setup:
Trigger: Price breaks above $1.108 breakout level.
Stop-Loss: Place below $0.819 support level.
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โ ๏ธ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct thorough research and consult a qualified professional before making investment decisions.