đFalling Wedge Patternđ: - The $ARB (Arbitrum) chart displays a falling wedge pattern, which is typically a bullish reversal signal. Falling wedges often indicate a potential upward breakout, especially when found at the end of a downtrend.
â Currently, $ARB is testing a breakout â Support and Resistance Levels: - Support Zone: Thereâs a strong support zone around $0.46, This level has held several times, making it a key area for potential buying pressure. - Resistance Zone: A around $0.87 represents a resistance area that could serve as the next major price target if ARB manages a breakout.
A confirmed breakout would ideally close above this zone.
3. Breakout Target: - The projected target following the breakout appears to be around $1.22, with a potential upside of about 120% from the current price #ARBLONG $ARB
The Spot Wall Strategy: Why You Should Think Twice Before Buying Alts Now
Introduction: The Buzz Around Alts The crypto market is abuzz with influencers urging traders to buy altcoins as opportunities present themselves. While these calls may sound tempting, blindly following them without a robust strategy can lead to losses. The market rewards calculated moves, not impulsive decisions. The Importance of the Spot Wall One crucial strategy often overlooked by inexperienced traders is maintaining a solid spot wall â the amount of capital left in your trading account to
Altcoins are facing the biggest impact due to the Fed not pivoting, while Bitcoin dominance has surged significantly and is back in its 550 day uptrend after the recent dump.#BTCNextMove #USUALBullRun
Cryptopia Crypto exchange has distributed $225 million worth of crypto assets (BTC & Doge coins) to verified victims of the 2019 hack. Within the last 48 hours, over $400 million NZD in cryptocurrency has been returned on-chain. where is #wazrix $WRX
"Stay calm and hold strong. Either the correction is complete or nearing its end â no need to sell your alts. đĄ Patience pays off in the long run. Donât panic; great opportunities are ahead! đ"
Raunaq Prakash Jain bought Bitcoin worth $6,478 (âš5.05 lakh) in 2015-16 and sold it for $78,8063.84 (âš6.69 crore) in 2020-21. đš He declared the profits as long-term capital gains and claimed a deduction under Section 54F for buying a house.
In a post on X on Monday, CyberKongz said it received a Wells Notice from the U.S. Securities and Exchange Commission after two years of discussions. CyberKongz said it has âbeen suffering in silenceâ for the past two years when the SEC first made contact.Â