Is #ARB Ready For a Recovery or will it continue to Fall?

Yello Paradisers! Are you watching #ARBUSDT closely or not? Let's look at the latest #Arbitrum trading setup and what could be next for it:

💎#ARB just completed a breakdown from an Ascending Broadening Wedge. This breakdown has made the previous support into the resistance after the price rejection. Currently, there is a high probability that #ARBUSD might do a retest before continuing downward.

💎After the wedge breakdown, price got rejected hard from the $0.39–$0.42 resistance zone, where both the 50 EMA and 200 EMA are now stacked against the bulls, acting as strong dynamic resistances. This confluence of resistance increases the probability that this level won't be reclaimed easily. The setup is clearly bearish unless invalidated above $0.42.

💎We’re seeing a lack of follow-through on the bounces, which signals hesitation and likely a trap for late buyers. As long as we remain below the resistance block, the next logical move is a retest of mid-term support at $0.2391.

💎But it doesn't stop there. If this mid-level gives in — and the structure suggests it might — the next area to watch is the $0.1450 zone, a strong historical support and the first place we expect real buyers to step in. This could be the level where a high-probability reversal finally sets up.

Trade smart, Paradisers. This setup will reward only the disciplined.

MyCryptoParadise
iFeel the success🌴