Technical Analysis $ARB/USDT

#ARB/USDT is trading in an ascending channel pattern and is consolidating

currently near the 0.618 Fibonacci retracement level,

which signals a potential bullish reversal.

Key targets include:

1️⃣ 1.2701 – first target if momentum builds above current levels.

2️⃣ 1.4946 – second target in line with the middle channel resistance.

3️⃣ 1.7145 – final target in case of a strong breakout,

which signals an extension of the trend.

Key support is at the 0.9647 area and extends to 0.8008

at the 0.786 retracement.

A confirmed bounce from the support indicates a long opportunity with a stop

loss below 0.8008

and targets at resistance levels for a favorable risk

to-reward ratio.