Arbitrum ($ARB Ready for Lift-Off!

Arbitrum ($ARB B) is shaping up for an exciting move on the 3-day chart,

as it has formed a classic falling wedge pattern,

often a precursor to bullish breakouts. The current price structure indicates that a recovery phase may be just around the corner.

Key Levels to Watch:

1. Immediate Resistance: $1.25

2. Next Targets: $1.73 and $2.17

Bullish Setup:

Chart Pattern: Falling wedges historically favor bullish breakouts.

Volume Confirmation: Watch for a surge in buying volume post-breakout.

Indicators: RSI is showing signs of divergence, hinting at potential upward momentum.

Next Move:

1. Breakout Entry: Enter once ARB breaks and closes above $1.28 with strong volume.

2. Stop-Loss: Place stop-loss below $1.10 to manage risk effectively.

3. Profit Targets: Gradually book profits at $1.73 and $2.17 while riding the trend.

4. Trail Stops: Use a trailing stop to secure gains if momentum picks up.

Risk Management:

If the breakout fails,

ARB might retest lower support at $0.95. Remain cautious and adjust your strategy accordingly.

Keep your eyes on the breakout—it could pave the way for a strong rally!

#BTC100KTrumpEffect #MicroStrategyAcquiresBTC #TrumpBTCBoomOrBust #NonFarmPayrollsImpact