🚀 $ARB / USDT: The "Bouncing Bottom" Strategy
📊 $ARB Trade Setup & Technical Analysis
Entry Zone: $0.0960 - $0.1000
Stop Loss (SL): $0.0880
Take Profit (TP): $0.1110 - $0.1180
The red resistance line (top of the ascending channel) and the previous local high (circled in blue) act as the primary targets for a relief rally.
Technical Reason:
Channel Respect: The price is respecting an Ascending Channel pattern. After a deep correction, we are seeing an oversold bounce with a bullish divergence in the RSI (near 35-40), suggesting the selling pressure is exhausted.
Trend Confirmation: The green arrow indicates a shift in momentum toward the upper resistance line. As long as the support at $0.0930 holds, the path of least resistance is upward. #marketbearbull