Bought Arbitrum at $1.22 in 2023 Arrbitrum reduces the load on Ethereum network, by dividing the transaction as a torrent divides a file. It is a new coin, with price data coming from March 2023 and it's still on price discovery. It had a major FOMO pump on it's release to $5 but sharply went to the current levels. My attempt is to accumulate a newborn asset while in a bear market. We will see what future holds. I have $4,50 as target.
ARBIUSD trade ideas
ARB Seeking Lower or Forming Bottom?Arbitrium has followed through on my original idea, breaking through support forming a lower low. Now that we have bounced it seems Arb is finding resistance in the wrong places, as well as a lack of support to push up. Leading me to believe that the markets wants lower. However if this develops into sideways consolidation we could be forming a bottom. I’m leaning bearish.
#ARB Arbitrum Foundation Air Dropped 1st tokens Last Month/If we see the 1.58 support decisively break, not dips into it, but full on smashes through 1.58 support Look to Re-Buy at 1.50 down to 1.37 maybe maybe 1.33 low low low. (anything lower and this Market and or Project has some real Problems)
This is one of those Projects that jsut based on what they are accomplishing etc its worth a look and maybe a HODL... COSMOS #ATOM token is another cross chain type solutions helping connect the dots and light years ahead of any other project in this area. I would pick a Layer Two DEX (Decentralized Exchange) as well. For me and mine, im heavily Biased due to trading there... ZKSpace. is my pick for L2 tech esp when u combine how deep down the market cap charts this project is the DEFACTO highest reward for top 5 Layer 2 DEX style projects. UNISwap's V3 DEX #OP token symbol or Optimism,io is the overall leader here....
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