ARBUSDT.3L trade ideas
Arbitrum (ARB) Price Prediction.Our analysis reveals that a breach of the 0.90 USDT support level might trigger a potential downward move, potentially leading ARB towards the 0.80 - 0.70 USDT range.
We explore the risk/reward ratio that could favor a short position on ARB, especially if a retest of the broken support as resistance occurs. However, it's paramount for traders to comprehend the associated risks and consider their risk tolerance before contemplating this trade.
ARB/USDT: 'M' Pattern Signals Bearish Momentum, Downside Targets💎 Paradisers, let's take a closer look at ARB/USDT. On the daily chart, it's sketching an 'M' pattern. Notably, the right peak is lower than the left, reinforcing the strength of this bearish pattern.
💎 If ARB/USDT dips below the 0.9036 level, we might be gearing up for a descent. Potential destinations? We're eyeing the demand zones at 0.8043 and possibly even 0.7300.
💎Stay sharp and make informed decisions, ParadiseSquad!
ARB Pricing: Long-Term Buying Opportunity at 80-90 cents.Scenario 1:-
The ARB price has broken support and is at re-testing levels(1.1145 -1.1372) , indicating a potential long-term buying opportunity between 80-90 cents.
Scenario 2:-
However, traders should remain cautious as there is a possibility of fake breakdown. The setup would be invalidated if the price gives 2 daily candle closings above 1.1145 -1.1372.
With that being said , one can look for long opportunities till 1.2600 - 1.3000
Probability of fake breakdown :- 70%
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