👋 Welcome to the TradeCityPro channel! Let’s analyze one of the favorite coins in the crypto world, especially popular among airdrop hunters, ARBUSDT, which has shown strong movement recently. We’ll review future triggers together.
🟢 Bitcoin Overview As always, before starting the analysis, we take a look at Bitcoin:
It hasn’t moved significantly compared to yesterday and remains range-bound.
However, its dominance has been decreasing, providing an excellent opportunity for altcoins and Ethereum to perform , If Bitcoin’s decline continues, altcoins will likely remain green.
🕒 Weekly Timeframe
ARBUSDT has rebounded from its most critical weekly support and made an upward move, reaching a key resistance at $0.9578.
The RSI has also entered its overbought zone, which isn’t an ideal buy signal and suggests a correction might be necessary.
If you’ve joined after the breakout of the $0.6496 resistance, you can consider pulling out your initial capital, leaving the coin essentially free for you.
If you haven’t entered yet, I’ll explain in the lower timeframes.
🛠️ Daily Timeframe
Previously, ARBUSDT followed a downtrend and reached the $0.4749 support zone with strong trend weakness.
This formed an accumulation zone, and after creating a higher low within it, the coin broke above the range and rose towards the $0.9689 resistance.
Wait for a breakout above $0.9689, accompanied by RSI entering the overbought zone again.
pullback could bring ARBUSDT to $0.8028 in the mid-term. At that point, look for a bullish confirmation candle for a potential buy.
⏱ 4-Hour Timeframe
This is the primary timeframe for futures trading. The price shows a compression pattern, forming higher lows and equal highs, indicating a possible breakout.
📈 Long Position Trigger position can be taken after breaking $0.9689 , Set a stop-buy order beforehand since whale-driven movements might occur, pushing RSI beyond 75.14.
📉 Short Position Trigger I do not recommend opening a short position. Even if the trendline breaks, I’d prefer waiting. As long as the price stays above $0.7980, focus on long opportunities. 🔗 TradingView Chart
💡 BTC Pair Insight
ARBUSDT compared to Bitcoin has been bearish in the long term , However, after the Layer-2 hype cooled, the token showed strong trend weakness, printing several green candles.
The main trigger here is the breakout of 0.00001004, allowing for significant upward movement if the market turns bullish.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.