Through multiple tests, it's held up nicely to validate the area as solid demand. 😎
In our view, a sweet inverse head and shoulders pattern is forming, plus a few key trendlines are coming into focus for potential long setups. 📏
If we can get a break above that bearish trendline, rally a bit, and then return to backtest it as the new floor around our green zone...that would be beautiful! 👌
Rather than just taking any signal, we wait for true confluence across multiple metrics. 🎯
And we think it's shaping up nicely here: established support, bullish structure on higher timeframes, falling wedge, room for 20% gains to recent highs. 📈
Now, sure, closes below the green demand box would give us pause. 🚫
But unless that happens, We are eyeing fresh longs and upside from here!
There's plenty to be excited about with this Arbitrum setup. We'll be tracking it close for any buy triggers firing off! 🎯
We've got to capture these opportunities when the charts align just right! 😁
Recommended from Cryptonary
