ARB is bleeding 9.8% but the L/S ratio just hit 1.41 — traders are aggressively buying this dip. Are they right? 🔍
At $0.1504, ARB sits in a fascinating spot. The 4H chart shows clear downtrend structure (price below SMA7 $0.156 and SMA25 $0.170), with RSI at 41.6 and MACD still negative. Short-term momentum is undeniably bearish.
But here's the twist: the daily chart is BULLISH. RSI at 61.9, MACD positive and expanding (+0.0041), price well above SMA25 ($0.115) and SMA99 ($0.090). This 9.8% drop looks like a correction within a strong uptrend, not a reversal.
📊 Trade Plan (SHORT — counter-trend, so tight sizing):
• Entry: $0.1467 – $0.1541
• Stop Loss: $0.1653 (above 4H SMA25 — hard invalidation level)
• TP1: $0.1423 | TP2: $0.1379 | TP3: $0.1320
• Risk/Reward: 0.5R — smaller position because we're fading a daily uptrend
The 1.41 L/S ratio means crowded longs. If those stops get hunted, we could see acceleration to TP2/TP3. But if buyers hold the line, this short gets stopped out. Respect the daily trend.
🤔 Is this the dip of the month or just the beginning of the unwind? 👇
#ARB #DYOR
⚠️ This is not financial advice. Always do your own research and manage risk carefully.