ARBITRUM (ARB/USDT) Chart Analysis:
🔹 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.
🔹 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.
🔹 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.
🔹 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.
