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The price of ARB coin has recently shown volatility, currently hovering around $0.33. In the long term, ARB still faces downward pressure, but there are signs of a rebound in the short term.
From the 12-hour and 4-hour time frames, ARB shows a slight downward trend. The price is currently below the 200-day moving average and the key support point of $0.3406, indicating an overall bearish sentiment. If the price breaks below the support level of $0.2910, it may further drop to $0.2150 or even $0.1654.
However, the 1-hour chart shows some positive signals. The price is supported near the 200 moving average ($0.3197) and has rebounded, while the stochastic indicator shows oversold conditions, and the Directional Movement Index (DMI) has also produced a golden cross, all of which suggest a potential rise in the short term.
For trading strategies, investors may consider shorting in the range of $0.330 to $0.336, with a stop-loss set above $0.3406 and a target price of $0.2910. If a downward breakout occurs, the target can be extended to $0.2150 or $0.1654.
On the other hand, short-term bulls can buy in the range of $0.320-0.329. If it breaks through $0.3406, they can increase their positions, with target prices at $0.4166 and $0.4662.
Regardless of the strategy employed, strict risk management is essential. It is recommended to adhere to stop-loss settings and keep short-term positions within 30% of total funds to cope with market fluctuations.
Overall, ARB is currently in a critical position, and investors need to closely monitor the price trends, adjust their strategies flexibly, and ensure proper risk management.