$ARB Buy Setup đ„
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$ARB/USDT Daily Chart Analysis
The daily timeframe for $ARB/USDT reveals a Descending Resistance pattern, a key technical indicator often associated with bearish pressure in the short term. However, a breakout above this descending trendline could signal a potential shift in momentum toward bullish territory.
Key Insights:
Breakout Potential: Should the price successfully break above the descending resistance line, we could see a rally toward the $0.90-$1.00 region, with increased bullish momentum.
Volume Confirmation: Watch for a spike in trading volume to confirm the breakout, which could indicate growing buying pressure.
Upside Target: Upon a breakout, previous resistance zones between $0.72 and $0.90 become critical areas to monitor for profit-taking or further continuation.
If the price fails to break above the resistance, we may see continued consolidation below this trendline.
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