ARB/USDT – Resistance Flip to Support, Bullish Setup
2025-01-19
Category: None

ARB/USDT is demonstrating a bullish reversal pattern with strong technical confirmation. Previous resistance has flipped into support, and positive volume indicates growing buyer interest, signaling a potential upward breakout.

Entry Point:
Ideal entry at $0.70, where price has found solid support after breaking previous resistance.

Targets:

First target: $1.23
Second target: $1.68
Stop Loss:
To manage risk, a stop loss should be placed at $0.58, below key support to protect against unexpected reversals.

Strategy & Analysis:

Resistance flipped into support at the $0.70 level, confirming a bullish structure.
Positive volume surge supports the likelihood of continued upward momentum.
Watch for higher lows and breakouts from current consolidation.
Trade Idea Summary:
Long from $0.70
First Target: $1.23
Second Target: $1.68
Stop Loss: $0.58

This setup presents a compelling risk-to-reward ratio with bullish confirmation. Keep an eye on market sentiment and volume trends for additional validation.

Happy trading!