$ARB fell below the 0.15 level, where orders and stop-losses are usually most concentrated.
After a break below, stop-losses on long positions underneath can be triggered in succession, leading to a sharp acceleration downward. But if large buyers step in at lower levels, the price could also rebound above the level.
Leave your prediction in the comments, and we’ll review it later.
After a break below, stop-losses on long positions underneath can be triggered in succession, leading to a sharp acceleration downward. But if large buyers step in at lower levels, the price could also rebound above the level.
Leave your prediction in the comments, and we’ll review it later.