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$ARB Technical Analysis (4H Timeframe) Friends, Arbitrum (ARB) is currently trading in a quite interesting zone. If you are thinking of entry on Binance, it is important to understand the current situation:
📊 Market Actual Situation (4H Chart):
Price Action:
$ARB is currently trying to sustain around $0.209 - $0.21. In the 4-hour timeframe, the price is near the lower boundary of a "Falling Wedge" or "Descending Channel".
Support & Resistance: Immediate support is at $0.20, while resistance is looking quite strong at $0.225. As long as the price does not close above $0.22 on the candle, the momentum will remain side-ways.
RSI Factor: RSI is in a neutral zone (around 51), indicating that the market can move in both directions, but bearish pressure is slightly higher.
🧠 Smart Money (Whales)
Smart Money is currently in "Accumulation" mode but is cautious. The token that was unlocked yesterday (Jan 16) and due to Binance's deposit/withdrawal updates, market makers are trying to trap retail traders in a Liquidity Trap.
They want retail traders to panic sell when $0.20 breaks so they can scoop up the assets cheaply.
Safe Entry (Long): If ARB closes a 4H candle above $0.218 - $0.22, then a long position can be created.
TP: $0.24, $0.28
Short Entry: If the price is rejected from the resistance at $0.225, then a short entry is formed.
TP: $0.20, $0.19
Risk Management: Keep a stop-loss below $0.19 as the market could drop further from there.
💡 Pro Tip: Don't enter out of FOMO (Fear of Missing Out). Wait for confirmation.
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