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$ARB ALERT: Bearish Breakdown Confirmed! What's Next? 🚨
The ARB/Tetherus Perpetual Contract just flushed hard, breaking below a critical support zone (around $0.4100 - $0.4150).
The subsequent price action is forming a tight bearish wedge/pennant structure on the 4-hour chart. This pattern often signals a continuation of the prior downtrend after a brief consolidation.
Key Levels to Watch:
1. Support: The lower band of the consolidation sits around $0.3000. A break below this confirms further downside.
2. Resistance: The top trendline of the wedge is currently holding, keeping selling pressure intact.
We're positioned for the next big move. Don't miss the entry!
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