Technical analysis by Mbjoey about Symbol ARB: Buy recommendation (12/29/2024)

ARBUSDT hits its lowest support area at the 0.4605 area creating a double bottom around the lowest support and a neckline at the 0.6537 level. We have seen the neckline broken and retested almost immediately however, price has come back to same area for a major structural retest. If this holds as a new found support, we just might see price going higher and a 10x is highly possible. Potential buying areas: 0.6537 0.7393 0.8228 I will not just buy at these areas without seeing price action setup indicating the buy opportunity, hence do your due diligence before taking any trade idea Past results does not guarantee future results #ARBUSDTARBUSDT came to all the buying points and broke through the 0.8228 are. Price is currently retesting this zone and hopefully it holds. I will wait to see a price action signal towards the bullish move before getting in again.