ARB Long Spot Trade (Bullish Momentum with ETH Adoption) 
2024-12-10
Category: None

Market Context:
ARB is demonstrating bullish momentum in alignment with Ethereum’s adoption surge. A clear structure shift is evident, with ARB printing a higher high and reclaiming its range low. A retest of this range low and the 200-day EMA as support provides an ideal entry point.

Trade Details:

Entry Zone: $0.74 - $0.79
Take Profit Targets:
First target: $1.30
Second target: $1.80
Stop Loss: Daily close below $0.60

This setup combines strong technical confirmation and Ethereum’s broader trend, offering a favorable risk-to-reward opportunity.