ARB is a good target and the price list has not been satisfactory for the past six months. But the real on-chain data is pretty good. True ecology can give ARB good expectations and a high price floor. I joined the ARB bulls on April 30, 2024, and have stuck with them ever since.
After the first shock the price in the chart retraced to the present, there must have been a second strong shock and a third weak shock. My price target is $1.1, $1.2 depends on the performance of these two price shocks. In addition, as soon as the ARB price returns to my cost position, I will close the position immediately, and I need to consider the risk of short-term huge volatility.
#Arbitram
My spot cost is $0.9696 My futures cost is $1.0190
