Technical analysis by MyCryptoParadise_Nathan about Symbol ARB: Buy recommendation (9/28/2024)

Yello, Paradisers! Did #ARBUSDT just break out of a major bullish pattern, or are we about to see a reversal? Let's dive in!💎#ARB is currently showing strong bullish momentum after a successful breakout of the Adam & Eve pattern, confirmed by a solid green candle. However, before heading to our target resistance at $0.636, we might see a quick retest of the previous resistance (now turned support) around $0.636. If this support holds, ARB could continue its upward trajectory, aiming for the maximum target of the pattern.💎If ARB fails to rebound from the $0.636 support and breaks down further, this could indicate a potential fakeout. In such a scenario, the next key level would be the $0.585 demand zone. A bounce from this level is crucial to reclaim $0.636 and continue the bullish momentum. If not, the bullish scenario will become invalid, and we could see a deeper correction.💎If the price breaks below $0.585 without showing strength, it’s a clear signal to cut the position and wait for a more favorable setup. Bullish invalidation would be confirmed, and further downward movement is likely.Stay focused, patient, and disciplined. It’s all about following the strategy, not the emotions. MyCryptoParadiseiFeel the success🌴