$ARB just slipped to 0.171, down about 6% on the day, and it's now sitting right at the bottom of the box it's been trading in since early October. On the 4h it's been ping-ponging between roughly 0.167 and 0.20 for three weeks, and today's low of 0.167 tagged the floor again.
Futures side is pretty calm for a drop like this. Funding is basically flat at +0.004%, OI barely moved (about 279M ARB, roughly $48M, vs $52M a day ago, mostly just price), and around 55% of accounts are still long (L/S 1.22). So this doesn't look like a big leveraged flush yet, more like slow bleeding.
On the NanoTrading Fire chart the liquidation heatmap has thick bands stacked right at 0.165-0.17 under price, and the VAL sits at 0.180 with another cluster around it. Up top there's a short liquidation tag of about $61M near 0.196, right on the POC line. That's a lot of fuel overhead if this range holds.
My plan: if 0.167 holds and we get back above 0.180, I think a squeeze toward 0.19-0.196 is very possible. Lose 0.165 on a 4h close and I'm out of the way, the range is broken. NFA 👀
Source: NanoTrading Fire chart (nanotradingclub.xyz)
$ARB #Arbitrum #ARB #NanoTrading
Futures side is pretty calm for a drop like this. Funding is basically flat at +0.004%, OI barely moved (about 279M ARB, roughly $48M, vs $52M a day ago, mostly just price), and around 55% of accounts are still long (L/S 1.22). So this doesn't look like a big leveraged flush yet, more like slow bleeding.
On the NanoTrading Fire chart the liquidation heatmap has thick bands stacked right at 0.165-0.17 under price, and the VAL sits at 0.180 with another cluster around it. Up top there's a short liquidation tag of about $61M near 0.196, right on the POC line. That's a lot of fuel overhead if this range holds.
My plan: if 0.167 holds and we get back above 0.180, I think a squeeze toward 0.19-0.196 is very possible. Lose 0.165 on a 4h close and I'm out of the way, the range is broken. NFA 👀
Source: NanoTrading Fire chart (nanotradingclub.xyz)
$ARB #Arbitrum #ARB #NanoTrading