$ARB | DAILY UPDATE ARB is around $0.1574 after bouncing from today’s $0.1501 low. That keeps it above last week’s $0.1480 low for now, but yesterday’s $0.1624 close is the first level buyers still need to recover. Yesterday’s recovery reached $0.1725 before closing much lower. Today has tested the lower end again, so I’m watching whether the bounce can recover a lost level instead of simply reacting to the size of the drop. The daily candle is still open. A daily close above $0.1624 and a successful hold or retest would be the first improvement. After that, today’s $0.1658 high is the next hurdle. Only if that clears would the recent $0.1725 recovery high come back into focus. If the $0.1501 area breaks and cannot be recovered, I’d watch last week’s $0.1480 low. Losing that would weaken the base further and require a fresh assessment of the next support. The weekly candle is unfinished and still below its opening area near $0.1639. Holding above a previous low helps, but I want a defended reclaim before calling this a stronger recovery. Hope this helps you with your own charts. 🫶 Give me a follow if you’d like to see more, I’ll keep sharing what I’m watching.
