Arbitrum ($ARB ) Technical Analysis
Current Price: $0.7991
24h High: $0.8413
24h Low: $0.7557
24h Vol(ARB): 232.93M
24h Vol(USDT): 183.90M
Market Outlook:
The Arbitrum chart shows a bullish trend with a potential upward movement. The price has broken above the resistance level of $0.7800, indicating a strong bullish momentum.
Trade Strategy:
Long Trade:
* Entry: $0.7991 (Current Price)
* Target: $0.8500
* Stop Loss: $0.7500
* Leverage: 2x
Short Trade:
* Entry: $0.8413 (24h High)
* Target: $0.7500
* Stop Loss: $0.8700
* Leverage: 2x
Conclusion:
Arbitrum is currently in a bullish trend, and the price is likely to continue its upward movement. Long positions are recommended with a target of $0.8500 and a stop loss of $0.7500. However, traders should be cautious as the market is volatile, and the price could reverse direction.