💎 ARB has recently become a focal point in the market, having achieved a breakout from a bullish pattern. It's now facing the critical phase of challenging the resistance trendline. For ARB to maintain its upward momentum, a strong bounce from this level is essential, with our next target being a significant resistance area.
💎 However, if ARB fails to demonstrate a rebound from this level, it might indicate a false breakout, potentially leading to a reversal in its trajectory. Under such circumstances, ARB could see a downward movement, heading back towards the Bullish OB area.
💎 The Bullish OB area is a pivotal zone for ARB. A robust bounce in this area is crucial as failing to hold this level could confirm a bearish turn in ARB's movement. If this breakdown occurs, it's likely that ARB might revisit the key support area, marking a significant shift in its market trend.
💎 However, if ARB fails to demonstrate a rebound from this level, it might indicate a false breakout, potentially leading to a reversal in its trajectory. Under such circumstances, ARB could see a downward movement, heading back towards the Bullish OB area.
💎 The Bullish OB area is a pivotal zone for ARB. A robust bounce in this area is crucial as failing to hold this level could confirm a bearish turn in ARB's movement. If this breakdown occurs, it's likely that ARB might revisit the key support area, marking a significant shift in its market trend.
Trade closed: target reached
Spot on again! #ARB has climbed 62.67%!
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.