💥ARB/USDT: Where are we heading next?
On the hourly chart of ARB/USDT, an interesting situation is observed. The price is currently 0.2149, which is close to the key support EMA(99). Let's consider the indicators and the potential for movement.
🚨Indicators:
EMA(21): 0.2175
EMA(50): 0.2166
EMA(99): 0.2141
MACD: -0.0004
RSI(14): 39.62 – close to the oversold zone
Stochastic RSI: 15.66
💰Trading plan:
Main scenario: Bounce from EMA(99) at 0.2141. If the support does not hold – a pullback below is possible.
🎯Growth targets:
1st target: 0.2200 (+2.3%)
2nd target: 0.2250 (+4.7%)
3rd target: 0.2300 (+7.1%)
➡️Entry points:
Conservatively: bounce from EMA(99) – 0.2141
Aggressively: breakout of EMA(21) – 0.2175
⛔️Stop-loss: 0.2120
📌Conclusion:
We monitor the price reaction to EMA(99). A bounce will provide a chance for growth up to 0.2300, a breakout – a signal for caution. Trade with discipline and manage risks.
Spot trading 👉$ARB
Futures 👇
