Van de Poppe Targets 2X Return with ARB Buy on Market Correction

Well-known trader Michaël van de Poppe has set his sights on buying ARB at lower prices, aiming for a substantial return of 2X. According to him, he will accumulate ARB during any market correction. The price action on the 4h chart shows ARB testing upper Bollinger resistance at $0.14, while the EMA50 and EMA200 sit at the same levels as immediate resistance and major support zones, respectively.

The RSI of 42.93 remains neutral, and the MACD registers a bullish golden cross, indicating a healthy retracement toward the lower band support at $0.13 is probable before any sustained upside attempt. This development aligns with van de Poppe's plan to accumulate ARB on further weakness.