ARBUSDT market tested the support level before rolling back toward the psychological level of 0.400, appearing to form an ABC pullback that typically precedes a retracement. With the market moving above last week's high, I anticipate a potential price drop after it grabs liquidity above that point. A comparison of the current bullish pullback with the stronger bearish moves on the left suggests the bears are more dominant than the bulls. If the market fails to break through the channel border, trendline, and resistance at 0.420, we can expect a downward movement to lower levels. My goal is support zone around 0.3500Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.