$ARB momentum is slowing down after hitting a peak, giving us a great opportunity to open a short position here.
Entry: 0.1590 - 1630
TPs: 0.1470 | 0.1390 | 0.1310
SL: Above 0.1750
Why Short?
ARB is pulling back after a rejection near its 0.17384 high, currently trading around 0.15947. The MACD lines are flattening out with shrinking positive momentum bars, and the hourly RSI sits at a neutral 50.2, showing that buying pressure has cooled down and paving the way for a move toward the 0.1395 support area.
Entry: 0.1590 - 1630
TPs: 0.1470 | 0.1390 | 0.1310
SL: Above 0.1750
Why Short?
ARB is pulling back after a rejection near its 0.17384 high, currently trading around 0.15947. The MACD lines are flattening out with shrinking positive momentum bars, and the hourly RSI sits at a neutral 50.2, showing that buying pressure has cooled down and paving the way for a move toward the 0.1395 support area.
