$ARB /USDT Technical Analysis & Trade Signal

Current Price: $0.8972

24h High: $0.9149

24h Low: $0.8320

Trend Overview: ARB/USDT has shown a positive momentum with a price increase of 7.63% over the last 24 hours. Currently, the market sentiment is bullish as the price is moving toward the upper resistance level of $0.9149.

Support Level: $0.8320 (strong support zone)

Resistance Level: $0.9149 (strong resistance zone)

Moving Averages (MA):

Short-term (15m, 1h): Bullish as the price is above the recent moving averages.

Medium-term (4h, 1D): Showing an upward trend with a slight pullback at $0.8320, signaling potential for further upward movement.

RSI (Relative Strength Index):

Currently around 65, suggesting the market is not overbought but could face resistance soon. Watch for any signs of RSI crossing into overbought territory (above 70).

MACD:

The MACD shows bullish momentum, with the MACD line above the signal line. This is a confirmation of the upward price movement.

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Trade Signal:

Entry Point:

Consider entering near $0.8972 or on a dip to the $0.8320 support level. You may also look for confirmation if the price breaks above $0.9149.

Target Levels šŸŽÆ:

1. Target 1: $0.9200 ā€“ Initial resistance level; watch for price action here.

2. Target 2: $0.9400 ā€“ A strong target based on the next resistance zone.

3. Target 3: $0.9600 ā€“ Major psychological level and potential take-profit zone.

Trade Momentum:

Buy Signal: Look for a confirmed breakout above $0.9149 for strong upward momentum.

Sell Signal: If the price reverses at $0.9149, consider a sell at $0.8900 or around the $0.8320 support zone.

Stop Loss:

Place a stop loss around $0.8250 to manage risk in case of a sudden reversal.

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