✳️ Arbitrum Short-Term Move Mapped (101% Target)

➖ Here we have a descending channel that ends December 2023.
➖ The down channel is followed by a bullish breakout.
➖ The bullish breakout corrects by 78% (Fib. support).

➖ A strong bounce is happening right at the Fib. support producing a higher low.
This dynamic and higher low can lead to a higher high.

👉 This higher high can reach around 0.00006757 for a 100%+ potential.

This is a short-term move.
Low risk (stop-loss yellow).
Good risk vs reward ratio.

Thank you for reading.

Namaste.