#CryptoMarketDip $ARB
Trend Overview:
• Current price: 0.784 USDT, down 7.78% in 24 hours.
• 24-hour volatility:
• Highest price: 0.9155 USDT.
• Lowest price: 0.7816 USDT (near the short-term support level).
• Selling pressure continues to persist, pushing prices down to lower levels.
Next 4H trend prediction:
Bullish scenario (average probability):
• With RSI oversold, the price may recover to the range of 0.800 - 0.810 in the short term.
• Condition: A need for increased buying volume.
Bearish scenario (higher probability):
• If the price breaks below support at 0.780, the downtrend will continue, with a target of the range 0.765 - 0.770.
• Condition: Sustained selling pressure.
Note:
• Monitor price action and trading volume at key support and resistance levels.
• Tightly manage risk by setting clear stop-loss and take-profit levels.
• If the price recovers strongly, this could be an opportunity to exit sell orders or enter short-term buy orders.