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ARB

Arbitrum bullish breakout targets after long downtrend

Opinion: ARB Analysis

The token ARB has been confined within a down channel for roughly 875 days and is now approaching a potential breakout from this structure.

If a breakout proves successful, the price targets can be sequentially placed at 1.0095, 1.4880, and 2.4310 USD.

Overall view: Bullish, with upside potential if the break above resistance is sustained.

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Analysis

The analysis centers on a well-defined long-term downtrend channel that ARB has traded within for approximately 875 days. The approaching breakout Hamiltons a potential regime shift from a bear-leanin...

Recommendation

Trading approach: Monitor for a definitive breakout and wait for confirmation before initiating a long position. Consider entering on a pullback or retest near the breakout level to improve risk-rewar...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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