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🧊 $ARB at Extreme Lows — Bounce Incoming or Breakdown Continuation?
📍 Current Price: $0.3596 📉 24H Change: -X% (adjust as needed) 📊 Category: L2 Ethereum / Oversold Territory
Arbitrum has fallen into deep demand territory, hovering near its historical low zone. Price action is flat, and traders are now watching closely for either a bounce from oversold levels or a flush into capitulation.
📈 Buy Setup – Oversold Rebound Play
Entry Zone: $0.355 – $0.365 ✅
Take Profit Targets:
TP1: $0.388
TP2: $0.412
TP3: $0.438
Stop Loss: $0.341 💡 Look for bullish engulfing or volume spike near support for confirmation.
🔻 Short Setup – Continuation Trade Below Support
Short Entry: $0.368 – $0.375 (on weak bounce)
TP1: $0.348
TP2: $0.325
SL: $0.385 ⚠️ Use only if bounce fails and BTC shows weakness.
📊 Technical Snapshot
Support Zone: $0.340 – $0.355 (multi-week demand)
Resistance: $0.388 – $0.418
Trend: Bearish
RSI: Oversold (below 30)
Volume: Low but building slowly
🧾 Final Outlook:
$ARB is now at a do-or-die level. The $0.355–$0.365 zone is historically where short squeezes or whale accumulations can begin. A confirmed bounce could offer 10–20% upside. But if it loses $0.340 with volume, expect more downside.
📈 Bullish Above: $0.368 📉 Bearish Below: $0.341 ⚠️ Risk Level: High – ideal for experienced or tight SL traders
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📉 Range Rejection Setup Price just rejected from the local range high near $148 🚫, a strong resistance level that has held multiple times. We’re seeing early weakness after the recent rally 🐻, as price fails to break above and begins losing minor structure.
💡 Trade Details 🔹 Entry: ~$146.20 🔹 Stop Loss: ~$148.35 (above high) 🔹 Target: ~$141.00 (range low + demand pocket) This setup offers a solid 2.38R risk/reward ratio 💰.
⚠️ Trade Idea Summary This is a classic range short 📊 — entering from the top, targeting the bottom. Momentum is fading, lower highs are forming, and if weakness continues, we should see price sink back toward mid-to-low range levels 🎯.