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Arbitrum ($ARB ): A Potential Bullish Breakout?

Arbitrum (ARB) has formed a falling wedge pattern on the 3-day chart—a classic bullish indicator suggesting a potential trend reversal.

This setup often indicates a recovery phase is near,

attracting traders looking for breakout opportunities.

Key Levels to Watch

Current Resistance: If ARB breaks above the falling wedge resistance,

a strong upward move is expected.

Target Zones:

$1.25 – Initial resistance after breakout

$1.73 – Mid-term target

$2.17 – Potential peak of this recovery

Trading Strategy

1. Entry: Look for a breakout above the wedge with strong volume confirmation.

2. Stop Loss: Place below recent swing lows to minimize risk.

3. Targets: Use the levels above for progressive take-profits.

Key Insights

ARB’s price action suggests buying pressure is building.

MACD and RSI on higher timeframes show signs of bullish divergence,

adding credibility to the breakout scenario.

If no breakout occurs,

prices may test lower support levels before making another attempt.

Next Move: Stay patient and monitor the breakout zone closely.

Confirmation is key. Manage risks wisely to capitalize on this potential move!

Pro Tip: Falling wedge patterns often deliver significant returns,

but ensure risk management is a priority.

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