Arbitrum ARB price like a "dark horse". When to buy to win?Another "many promising" project - Arbitrum ARB
There is a lot of hype around the project and a lot of listings, but at the same time, a lot of ARB giveaways and little trading history.
We usually evaluate all crypto projects without a "wow effect" and not through rose-colored glasses). This approach may not give, 1000000% profits every day, but it also saves the deposit from a possible long-term drawdown.
For example, we were thinking along the same lines when APT was priced at $9.5, and we wrote that we were ready to buy it no earlier than $2-4.
Now the crypto market is on the verge of a possible correction, plus an increased supply of ARB from all possible airdrops can be thrown into the market, which can greatly lower the price.
Now we would like to observe the price behavior of ARBUSDT, especially during a possible critical failure of the crypto market.
We have identified the following levels as our assumptions: $1, $0.90, and $0.72, where we will look at the ARBUSDT chart as closely as possible and decide whether it is time to buy or not.
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Arbusdttrade
ARBUSDT at resistance againThe price got rejected from the 4h resistance area and landed on the 1h support zone. That produced a good bounce and led the price to reach the 4h resistance zone again. It is possible that this time the price will break this resistance and head to the up side. But lets monitor it and if it does so, a long would be favorable after the break of this resistance.