Discussion About ARB Coin
Assalamu Alaikum
How are you friends! Hope everyone is well. Alhamdulillah I am fine too. Friends, I know there are many of you who invested earlier and are in a bad situation because the market has dumped a good amount. Friends, there is nothing to fear in this, I have already discussed in my last post why this condition of the market is happening and tried to give some idea and I think the market is going according to the description given in my post. But guys today we will talk about ARB coin. If you want to invest in this coin then we will discuss at length what your target may be we will also discuss where you can DCA if you bought this coin at high price. So let's start now -
If we look at Arbitram's overview, we can see that it is currently hovering around $0.7 showing a 4.1 percent downtrend. And if we look at its 24-hour price fluctuation, we can see that it is between $0.7 and $0.74. Also the market cap of this coin is 2.9 billion dollars, circulating supply is 4.2 billion and total and max supply is 10 billion. And the trading volume of this coin in 24 hours is 245 million dollars. View Total Supply and Max Supply as a fixed value will continue to increase over time as its trading volume increases. See the highest price of this coin so far is $2.39 and the lowest price is $0.43, which means we are now more than 70 percent down from its highest price.
The spot zone for this coin is $0.71. Also the 0.71 range is a very strong spot and the coin has bounced back from there a few times before and went up to $0.95. See if you want to make your investment in this coin then you can take the first entry at the current price. Also all EMAs of coins are bearish and ARB coin is also below 200 EMA indicating a bearish scenario. However, don't worry about these issues, we will see a recovery in the market once the volume picks up again. However I would like to reiterate that at current price of ARB you can take your first entry here and for your 2nd entry you have to wait till $0.6. Look, whether you talk about the 4-hour time frame or the 1-day time frame, we are bearish on all sides. Where once we break our spot zone, we go back to our previous spot zone.
So another important point here is that if you have less funds then you can exclude the current range and set a buy target at $0.6. And if I mention DCA then your target will be $0.5 See the market never moves like me and your mind, so you have to understand his sentiments now. For example, there is not much volume in the market right now and these coins along with Bitcoin are also preparing to go down so you have to setup this trading accordingly.
However, I have talked about buying targets, now let's talk about selling targets. See ARB Coin is fundamentally a very strong project and there is no doubt that it will perform very well this time on Bullran. So if you have invested in this coin now then your target for short time can be around 1 dollar or exactly 1 dollar and for mid turm you can keep your target at its highest price so far i.e. 2.4 dollars. But if you like to take risk and think you will keep a long-term target then you can keep the target between 4 to 6 dollars.
See one thing is that what we think may not always be right in the market or many times we see that the market doesn't go according to our plan and we face losses so I think always take risk as much risk as you can bear. Anyway I'm leaving here today with best wishes for everyone, stay well.
https://x.com/youshamunna4/status/1878817964260302960?t=yPearOBULsmd12usFozN1Q&s=19