💹 $ARB /USDT Chart Analysis (Both Side Trade)
📊 Technical Indicators #ARB🔥🔥🔥
1. 📈 Chart Pattern:
A descending triangle pattern is forming, indicating potential bearish momentum.
2. 📌 Support Levels:
Major Support: $0.819 (Critical to hold).
Retest Levels:
$0.993
$0.933
$0.900
3. 📌 Resistance Levels:
Breakout Level: $1.108
Additional Resistances:
$1.153
$1.200
$1.237
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📝 Analysis
🔻 Descending Triangle:
Suggests bearish sentiment; a breakdown below the $0.819 support could trigger further downside.
🛑 Support Levels:
$0.819 is a critical level to watch.
If broken, it may lead to accelerated selling pressure.
📈 Resistance Levels:
$1.108 breakout level is key for confirming bullish momentum.
Successful breaches of resistance levels like $1.153 and above would indicate stronger bullish sentiment.
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📌 Trading Strategy
1. 🔻 Sell Setup:
Trigger: Price breaks below $0.819.
Stop-Loss: Place above $1.108 breakout level.
2. 🚀 Buy Setup:
Trigger: Price breaks above $1.108 breakout level.
Stop-Loss: Place below $0.819 support level.
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⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct thorough research and consult a qualified professional before making investment decisions.