Arbitrum / USDT
Panjang

#ARB/USDT Arbitrum scalp long to $ 0.4451

126
#ARB

The price is moving within a descending channel on the 15-minute frame and is expected to break and continue upward.

We have a trend to stabilize above the 100 Moving Average once again.

We have a bearish trend on the RSI indicator, supporting the upward break.

We have a support area at the lower boundary of the channel at 0.4070, acting as strong support from which the price can rebound.

We have a major support area in green that pushed the price upward at 0.3970.

Entry price: 0.4160.
First target: 0.4300.
Second target: 0.4407.
Third target: 0.4451.

To manage risk, don't forget stop loss and capital management.

When you reach the first target, save some profits and then change the stop order to an entry order.

For inquiries, please comment.

Thank you.

Penafian

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