Arbitrum / Tether
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ARB WHAT'S NEXT! SHORT TERM PERSPECTIVE

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

QUICK UPDATE ON ARB,

As we can see previously price broke above our major swing high and traded higher.

However, price now is retesting our zone again, where we will be looking for new longs as a new bullish movement.

Meanwhile, price is trading inside this falling channel, and for the bulls to kick in we need a break above the marked swing high,

Then a further bullish movement would be expected.

Until that happens price is still overall bearish and price can still trade lower before reversal.

If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!
Chart PatternsSupport and ResistanceTrend Analysis

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