ARB/USDT: Rising Wedge Breakdown Risks New Lows

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ARB/USDT: Rising Wedge Breakdown Risks New Lows

Price is forming a rising wedge, which often signals a bearish continuation.

Currently, ARB is testing the lower trendline, and if it breaks down, further declines are likely.

First target: 0.3300

Second target: 0.1571

Final target: 0.0182 (a possible new all-time low).

As long as the price stays below the wedge support, the risk remains to the downside. ARB is in a clear downtrend and continues to release liquidity for a long time. I can be a profit taking or whatever it is ARB is well positioned for this downward movement.

You may find more details in the chart!
Thank you and Good Luck!

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