ARB is down 14.56% in 24 hours and its daily RSI is still 84.48.
Both are true at the same time. The daily ran to 0.2066 on 3.43x average volume, and what you are looking at now is the give-back, not a top forming. Price sits at 13.2% of the 24h range - the bottom of it.
0.1636 is where $ARB is decided - 15 measured touches on the 15m. Hold it and the daily structure stays intact. Lose 0.1601 and the next shelf with real history is 0.1338, tested 45 times on the 1h. That is a long gap with nothing in between.
The part most people miss: 15m volume ratio is 0.38. Price came down and nobody showed up to defend the level. A support with no volume behind it is a line on a chart, not a bid.
$BTC is not doing this. When the majors are quiet and a mid-cap gives back 14% on thin tape, that is rotation, not a market event.
Do you buy the 15-touch level, or wait for volume to prove it?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Both are true at the same time. The daily ran to 0.2066 on 3.43x average volume, and what you are looking at now is the give-back, not a top forming. Price sits at 13.2% of the 24h range - the bottom of it.
0.1636 is where $ARB is decided - 15 measured touches on the 15m. Hold it and the daily structure stays intact. Lose 0.1601 and the next shelf with real history is 0.1338, tested 45 times on the 1h. That is a long gap with nothing in between.
The part most people miss: 15m volume ratio is 0.38. Price came down and nobody showed up to defend the level. A support with no volume behind it is a line on a chart, not a bid.
$BTC is not doing this. When the majors are quiet and a mid-cap gives back 14% on thin tape, that is rotation, not a market event.
Do you buy the 15-touch level, or wait for volume to prove it?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
