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#Arbitrum Chart Analysis
Current price: $1.21 Range trading since launch Price range: $1.10-$1.43 over 72 days Bull trap at $1.70, but returned to parallel channel
Waiting for breakout: Upside Breakout: If #ARB breaks $1.44 and sustains above, expect a significant upward rally.
Downside Breakout: If #ARB breaks $1.10, downside target $0.5. Opportunity for accumulation.
Patience is key; avoid gambling. Bullish on ARB long-term; potential for $10+ in next bull run.
Note: Personal view, not financial advice. Do your own research before investing.
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