Technical analysis by Traders_Notes about Symbol ARB on 6/6/2025

📉 Overview:Since its all-time high, ARB has dropped nearly 90%, continuing to move inside a well-defined descending channel.Currently, we’re seeing another phase of consolidation forming just under the midline of that channel.📌 Trade Setup:▪️ A partial entry is already possible at current levels.▪️ Keep in mind: price may revisit the $0.25 zone, potentially forming a double bottom — a strong technical base for a long setup.▪️ If price skips the retest and instead breaks and holds above $0.46, the remaining capital can be used to join the breakout from the channel’s core.🧠 Everything depends on your strategy and risk management. This isn’t financial advice — just a map for a possible direction worth tracking.🧱 Market Sentiment:Sentiment remains bearish, with many holders still trapped above $1 — a pattern similar across most L2 tokens.🎯 We don’t guess. We listen to price and react accordingly.