💹 $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.