$ARB taking a beating in downtrend action - time to short?
As long as the downtrend holds and $ARB stays below 0.0938, this is a great opportunity to short with potential for a decent move down to support at 0.0756.
Downtrend in play with bearish momentum
Close below SMA25 and SMA7
Key levels to watch at 0.0756 and 0.0938
A daily close above 0.0938 invalidates this setup and reverses our short position.
Are you shorting $ARB in this downtrend?
As long as the downtrend holds and $ARB stays below 0.0938, this is a great opportunity to short with potential for a decent move down to support at 0.0756.
Downtrend in play with bearish momentum
Close below SMA25 and SMA7
Key levels to watch at 0.0756 and 0.0938
A daily close above 0.0938 invalidates this setup and reverses our short position.
Are you shorting $ARB in this downtrend?