Based on the current chart for ARB/USDT, here is a signal for the nearest trade:
đ Key levels for entry and exit:
Buy: Enter a buy position if the price breaks the key resistance level of $0.5116. This will confirm a short-term trend reversal.
Targets (Take Profit):
TP1: $0.5272 is the nearest target after the resistance breakout.
TP2: $0.5406 is the next target if the upward move continues.
Stop Loss: Set the level at $0.4982 (the nearest support level). This will help protect the position in case the downward movement resumes.
đ Indicators confirming the signal:
RSI: Level 23.35 confirms that the asset is oversold, which opens the possibility of a short-term upward movement.
StochRSI: A reading of 15.86 also indicates strong oversold conditions, increasing the likelihood of an upward bounce.
đ Recommendations:
Watch for a breakout of $0.5116 with increasing volumes for strong confirmation of the upward move.
Be prepared to take profit at $0.5272 or $0.5406 depending on the strength of the move.
đĄ Follow the market and trade wisely!
