Arbitrum (ARB) recently posted a 64%+ rally, but has now pulled back into a key support zone between $0.50 and $0.5250. This area marks previous breakout levels and could serve as a strong base for the next bullish leg.
Despite the short-term retracement, ARB maintains a bullish structure. If this support holds, the current dip could offer an attractive risk-reward setup for swing traders. A bounce here aligns with the broader market sentiment and prior accumulation zones.
🔹 Trade Setup:
• Entry Zone: $0.50 – $0.5250
• Take Profit Targets:
🥇 $0.68 – $0.82
🥈 $0.95 – $1.20
• Stop Loss: Daily close below $0.46
Despite the short-term retracement, ARB maintains a bullish structure. If this support holds, the current dip could offer an attractive risk-reward setup for swing traders. A bounce here aligns with the broader market sentiment and prior accumulation zones.
🔹 Trade Setup:
• Entry Zone: $0.50 – $0.5250
• Take Profit Targets:
🥇 $0.68 – $0.82
🥈 $0.95 – $1.20
• Stop Loss: Daily close below $0.46
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.