ARB Long Spot Trade (Bullish Momentum with ETH Adoption)
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Market Context: ARB is demonstrating bullish momentum in alignment with Ethereum’s adoption surge. A clear structure shift is evident, with ARB printing a higher high and reclaiming its range low. A retest of this range low and the 200-day EMA as support provides an ideal entry point.
Trade Details:
Entry Zone: $0.74 - $0.79 Take Profit Targets: First target: $1.30 Second target: $1.80 Stop Loss: Daily close below $0.60
This setup combines strong technical confirmation and Ethereum’s broader trend, offering a favorable risk-to-reward opportunity.