ARB/USDT current price 0.18686. Although the 24-hour gain is huge (+39.55%), in the short term it is in a correction phase after pulling back from the high of 0.20683. The MA(7) at 0.19138 and MA(25) at 0.19348 above form a strong resistance zone, which is an ideal short-selling resistance area. Stop loss must be set outside the upper edge of the consolidation range to prevent bulls from launching another violent rally.
🛑$ARB #ARB
Stop Loss red line (Stop Loss)
Aggressive defense level
0.1950
Above MA25 + wick buffer
Conservative defense level
0.2070
Invalid if it breaks above the previous high of 0.20683