$ARB – Strong Price Rise, Pay Attention to Important Resistance Levels

$ARB is showing strong signs of recovery after holding the important support area around 0.5085. Currently, the price is trading around 0.5285, with active buying from the bulls, indicating a high potential for further rise.
📈 Technical Analysis:
• Important support zone: 0.5085 – has been tested and confirmed, helping the price to rise.
• Current price: 0.5285, trending to accumulate before breaking out.
• Trend: Bullish – the upward momentum is gradually being strengthened, recent candles indicate that buying pressure is stronger than selling pressure.
🎯 Price Target (Take Profit – TP):
• TP1: 0.5320 – the first breakout threshold, if surpassed, will pave the way for higher levels.
• TP2: 0.5380 – short-term resistance area, may encounter light profit-taking.
• TP3: 0.5450 – continue the rise trend if momentum is maintained.
• TP4: 0.5520 – medium-term resistance level, need to monitor candle signals to confirm the breakout.
• TP5: 0.5700 – the highest short-term target, this area may face strong profit-taking pressure.
Stop Loss (SL): 0.5050 – if the price breaks below this level, consider closing the order to minimize risk.
⛔ Trading Strategy:
• Consider $ARB as a buying opportunity when the price holds above 0.5085 and prepares to break out above 0.5320.
• The rising momentum is supporting the bulls, so traders can look to buy when the price slightly retraces to the support area or when a breakout is confirmed.
• Always manage reasonable risks with stop loss to protect capital.