Arbitrum / USDT
Long
Updated

#ARB/USDT | ARB Set for Pump After Pullback to Support

408
#ARB

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.

There is a major support area in green at 0.4950, which represents a strong support point.

For inquiries, please leave a comment.

We are in a consolidation trend above the 100 moving average.

Entry price: 0.5083
First target: 0.5158
Second target: 0.5262
Third target: 0.5388

Don't forget a simple matter: capital management.

When you reach the first target, save some money and then change your stop-loss order to an entry order.

For inquiries, please leave a comment.

Thank you.
Trade closed: target reached
snapshot
#ARB
First target: 0.5158 Reached
Second target: 0.5262 Reached
Third target: 0.5388 Reached

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