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

115
#ARB

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

There is a key support zone in green at 0.09300. The price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 0.09800
Target 1: 0.1000
Target 2: 0.1034
Target 3: 0.1064

Stop Loss: At the resistance zone in green

Remember this simple rule: Money management.

Any questions, please leave a comment.

Thank you.
Trade fermée: cible de profit atteinte

snapshot
#ARB
Target 1: 0.1000
Target 2: 0.1034
Target 3: 0.1064

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