ARB / TetherUSLong
Triple bottom?
Three touches to the bottom, a triple bottom pattern could be in play here. Triple bottoms have a higher probability of breaking to the upside, especially if volume to the downside is starting to weaken. Confirmation will be breaking above the neckline, but now could present a good opportunity to a long entry.
If Bitcoin can hold up above 58k and if Eth can gain momentum heading into the ETF, I’d expect Layer 1/2s like Arbitrum to perform well.
Crypto is volatile, anything can happen. If we do lose the $0.72 level on Arbitrum with high volume, we might head a lot lower.
Stop losses will stop your losses. Trade carefully, this is not financial advice, always do your own research!
If Bitcoin can hold up above 58k and if Eth can gain momentum heading into the ETF, I’d expect Layer 1/2s like Arbitrum to perform well.
Crypto is volatile, anything can happen. If we do lose the $0.72 level on Arbitrum with high volume, we might head a lot lower.
Stop losses will stop your losses. Trade carefully, this is not financial advice, always do your own research!
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