$ARB now looks like a classic trap for those who see a green candle and decide that the drop is over.
On 1H I’m still looking down.
As long as the price is below 0.0800, the sellers keep control, and the 1H structure matches the weekly and bearish BTC structure.
But there’s an important nuance: the daily chart is still bullish.
So this isn’t a story about “
$ARB will crash”.
This is a story about a possible pullback within a larger bullish move.
First, I’m waiting for 0.0773.
If the sellers don’t stop, the next zone is 0.0746-0.0750.
For a short, the interesting area is 0.0780-0.0790 after collecting liquidity above 0.0781 or rejection of 0.0792-0.0800.
But without confirmation, I won’t jump in.
A bearish engulfing, a pin bar, or a structural reversal on a lower timeframe—this is what I need.
0.0800 is the key level.
A close above it breaks the entire bearish scenario.
#ARB #Crypto