🪙 Analysis and Monitoring of Currency $ARB (Arbitrum) – Buying Opportunity
🔹 Current Purchase Price: 0.197
🎯 Targets:
🎯 First Target: 0.215
🎯 Second Target: 0.235
🎯 Third Target: 0.260
🛑 Stop Loss: 0.180
📌 Let's Talk a Bit About the Currency:
Arbitrum is one of the strongest Layer 2 projects on the Ethereum network, aiming to alleviate pressure and reduce fees while maintaining network security. The project has significant actual use in DeFi applications and is known for its high liquidity and popularity among developers.
📊 Key Technical Indicators:
• RSI indicator is in neutral zones and close to exiting the oversold condition.
• MACD indicator shows weakness in the downward momentum and the possibility of a gradual reversal.
• Trading volume is relatively stable with accumulation signals.
• The overall short-term trend has started to show consolidation after a downward wave.
💡 Advice:
Entry should be gradual and in batches, suitable for those considering accumulating medium to medium-short.
⚠️ Alert:
Breaking the level of 0.180 firmly cancels the positive scenario, and adhering to the stop loss is essential
