Arbitrum surged 148% in a single week, from $0.083 on August 30 to $0.206 on September 6, and is now catching its breath around the $0.190 level.
Three things overlap between $0.177 and $0.181: where the surge began, the floor price bounced off twice yesterday, and a former ceiling now flipped to support.
If that shelf fails and price slides to $0.166, the surge itself was a failure, so the stop sits just below it and the idea is abandoned.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
