Check out this sweet trade we spotted on Arbitrum. 😲
We've got a prime setup here for a rally to the upside.
Remember that inverse head and shoulders pattern we showed you last time?
Well, it played out perfectly, hitting our key buy zone right at the 61.8 fib retracement. 🎯
And check it - this latest push even exceeded the "armpit" high from before. 💪 That shows strong momentum behind this move.
The total crypto market cap chart mirrors Arbitrum too, with a similar bounce-off support.
So, we could see a surge across altcoins if Bitcoin keeps climbing. 🚀
Bottom line - now looks like an amazing chance to go long on Arbitrum!
We'd target the prior double top to take profits. 💰
But even if the upside doesn’t materialise, in the worst case, we're still at solid support levels to accumulate more for the long term.
This could be the bounce before our next major altseason leg-up! 🥳 🤞
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