$ARB bearish. The chart clearly shows a sequence of lower highs (Lower Highs, 0.26 ➡️ 0.24 ➡️ 0.21) and lower lows (Lower Lows, 0.21 ➡️ 0.20 ➡️ 0.19).

· Currently, it is struggling to reclaim the psychological level of 0.20

📉 Trading Strategy: Short (preferred / trend-following)

· Rationale: The main trend on the 4-hour timeframe is bearish. Any rebound may face sell pressure at lower highs.

· $ARB short entry point: Resistance zone around 0.20 - 0.21 (backtest)

· Stop Loss (SL): Above the recent swing high at 0.22

· Take Profit (TP):
· Take Profit 1 (TP1): Recent local low at 0.19
· Take Profit 2 (TP2): Next major support level at 0.18

Support me—trade right here👇
#arb #Arbitrum