ARB / TetherUS

ARB: Keep an Eye on Breakout Levels and Watch for Confirmation๐Ÿš€

๐Ÿ’ŽParadisers, #ARBUSDT has recently formed a W pattern within a supportive trendline, signaling a potential reversal after the price dipped below previous lows, likely indicating a shakeout of weak-handed investors.

๐Ÿ’Ž A breakout above the resistant level, coupled with confirmation of the W pattern, would significantly increase the likelihood of a bullish move. Such a scenario could suggest that the price has absorbed internal range liquidity and is poised to pursue external range liquidity.

๐Ÿ’Ž In the event of a breakdown below the supportive trendline, traders may anticipate a bounce from the bullish Order Block (OB). However, it's crucial to seek proper confirmation in this scenario, given its relatively lower probability.

๐Ÿ’Ž Nevertheless, if #ARB descends below the bullish OB, it may be prudent to adopt a wait-and-see approach and refrain from immediate action. Waiting for clearer price action to confirm would be advisable in such instances.

ื›ืชื‘ ื•ื™ืชื•ืจ