$ARB is up +4% and everyone's piling in late. I'm looking the other way 👇
Pumps like this 15% leg in 3 days always bring in late buyers right where risk is highest.
The break above 0.17211 was tiny (3.7%) and ARB got rejected from 0.17841 straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.15883, the low of the earlier pullback. A lot $ARB of stops are sitting there and price hasn't tested it yet. Above 0.17841 I'm out of this idea.
📌 My ARB trade: short from 0.17674, stop at 0.1857, target 0.15883 (+10.1%, 1:2)
📊 24h Vol: $90.1M | 24h Chg: +3.7% | Funding: +0.0100%
Am I wrong? Tell me why below 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#ARB #Analysis #Trading
Pumps like this 15% leg in 3 days always bring in late buyers right where risk is highest.
The break above 0.17211 was tiny (3.7%) and ARB got rejected from 0.17841 straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.15883, the low of the earlier pullback. A lot $ARB of stops are sitting there and price hasn't tested it yet. Above 0.17841 I'm out of this idea.
📌 My ARB trade: short from 0.17674, stop at 0.1857, target 0.15883 (+10.1%, 1:2)
📊 24h Vol: $90.1M | 24h Chg: +3.7% | Funding: +0.0100%
Am I wrong? Tell me why below 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#ARB #Analysis #Trading
