#ARBITRUM (ARB/USDT) Chart Analysis
๐น Liquidation Sweep: $ARB has recently hit a high liquidation zone, wiping out all longs that were opened near the top. Even those with lower leverage positions have been liquidated, pushing the price into a very deep dip.
๐น Accumulation Zone: This dip presents a strong accumulation opportunity in the spot market. I'm starting to accumulate #ARB between the $0.58-$0.4 range. This area is ideal for long-term investors looking to capitalize on the current market conditions.
๐น Resistance Levels:
Major Resistance 1: $0.8
Major Resistance 2: $2
Should ARB break through these two key resistance levels, we could potentially see the price rally to $5-$8.
๐น Investment Strategy: I've initiated my buy orders, and my target is set at $5. After losing the $1.84 support, ARB has dropped by 77%, which marks an 82% decline from its all-time high (ATH).
๐น Bull Run Expectation: In the current bull run, I am aiming for a potential 10x return on ARB. This could be a prime opportunity to position for significant gains.
