$ARB Based on the short liquidation data at $0.79685, here's a detailed breakdown of ARB's potential price movement and trading strategy:
Current Situation.
A short liquidation of $34.782K indicates a spike in buying pressure, possibly hinting at bullish momentum as short positions are forcefully closed.
Liquidations often trigger volatility, meaning ARB might continue upward before stabilizing.
Buy Zone.
Primary Buy Zone: $0.775 - $0.795 (if price pulls back to retest support).
Secondary Buy Zone: $0.740 - $0.760 (stronger support region if there’s a deeper correction).
Targets.
Target 1: $0.820 (minor resistance).
Target 2: $0.850 (next key resistance).
Target 3: $0.880 - $0.900 (major resistance zone if bullish momentum continues).
Stop Loss.
Place a Stop Loss slightly below the buy zone to limit risk.
For Primary Buy Zone: $0.765.
For Secondary Buy Zone: $0.735.
Next Possible Move
Bullish Scenario: If ARB holds above $0.79685 and continues upward, it might test $0.820 and beyond.
Bearish Scenario: If ARB loses momentum and drops below $0.775, it may retest the $0.740-$0.760 support zone.
Tips for Traders.
1. Monitor volume and price action near $0.79685. High buying volume could indicate a continuation of the uptrend.
2. Use smaller position sizes if trading during volatile times to minimize risk.
3. Stay updated with market sentiment and major Bitcoin movements, as they often influence altcoins like ARB.
Would you like further clarification or updates on ARB’s price movement.
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