Arbitrum / USDT
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#ARB/USDT | Testing Wedge Breakout Amid Key Support

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#ARB

The price is moving within a descending channel on the hourly timeframe. It has reached the upper boundary and is heading towards breaking it. A retest of this boundary is expected.

The Relative Strength Index (RSI) is showing an upward trend, as it has approached the upper boundary. A bearish reversal is expected.

There is a key support zone in green at 0.01040. The price has bounced from this zone several times and is expected to bounce again.

A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.

Entry Price: 0.1111
First Target: 0.1141
Second Target: 0.1189
Third Target: 0.1239

Stop Loss: Above the green support zone.

Don't forget one simple thing: Money Management.

For any questions, please leave a comment.

Thank you.
تم فتح الصفقة
لقطة

#ARB
First Target: 0.1141 Reached
Second Target: 0.1189 Reached
أغلقت الصفقة: تم الوصول للهدف
لقطة
#ARB
First Target: 0.1141 Reached
Second Target: 0.1189 Reached
Third Target: 0.1239 Reached

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