Based on your 4H ARB/USDT chart, the trend is still bullish, but momentum is cooling after the rejection from 0.2068.

🟢 $ARB LONG SETUP

Entry: 0.1680 – 0.1715
SL: 0.1600
TP1: 0.1785
TP2: 0.1855
TP3: 0.1960

Trigger: Prefer a 4H candle holding above 0.168–0.170 before entering.
Invalidation: A strong 4H close below 0.160.

🔴 Alternative SHORT

Only if ARB loses 0.160 decisively:

Entry: 0.1595 – 0.1610
SL: 0.1660
TP1: 0.1530
TP2: 0.1465
TP3: 0.1400

My bias: 🟢 Long > Short while price remains above the rising EMA zone. Don't chase at 0.1723; waiting for a pullback gives a cleaner setup.