Watching $ARB for a potential drop
As long as $ARB stays below the SMA7 and SMA25, it looks primed for a move down towards the support level, given the bearish trend and lack of significant buying volume
- Close is below SMA7 and SMA25, indicating a bearish trend, - Last candle is bearish, - Volume is flat or falling
A daily close above the SMA7 or a significant break above 0.1013 would invalidate this short setup
Are you shorting this move on $ARB or waiting for a bounce?
As long as $ARB stays below the SMA7 and SMA25, it looks primed for a move down towards the support level, given the bearish trend and lack of significant buying volume
- Close is below SMA7 and SMA25, indicating a bearish trend, - Last candle is bearish, - Volume is flat or falling
A daily close above the SMA7 or a significant break above 0.1013 would invalidate this short setup
Are you shorting this move on $ARB or waiting for a bounce?