technical analysis and trade signal for the $ARB /USDT pair:
Technical Analysis for ARB/USDT
Current Price: 1.1342 USDT
24h High: 1.1734 USDT
24h Low: 0.9958 USDT
Trend: Bullish (with a strong upward momentum)
Key Levels to Watch:
Support: 1.05 USDT (previous low region)
Resistance: 1.17 USDT (previous high region)
Indicators:
RSI: 65 (indicating upward momentum, but close to overbought zone)
MACD: Bullish crossover, indicating continued upward momentum
Moving Averages: Price is above the 50-period moving average, supporting the bullish trend
Trade Signal & Strategy:
1. Long Position Entry: Enter a long position if the price breaks above 1.15 USDT, with confirmation from RSI and MACD.
2. Stop Loss: Place stop loss around 1.05 USDT to manage downside risk.
3. Target Levels:
Target 1: 1.17 USDT (previous resistance level)
Target 2: 1.20 USDT (next resistance level)
Target 3: 1.25 USDT (psychological level and extension)
Trade Momentum:
Momentum: Positive, with bullish sentiment in the market. RSI and MACD are both in favorable positions, showing that ARB is currently trending upwards.
Volume: The volume is increasing, confirming the strength of the current uptrend.