$ARB
ARB bulls can’t hold on any longer. Down 3.7% in a day, with panic selling concentrated in a wave. Once the panic selling has cleared, a rebound is often close. Trying a small short at 0.1817, with a strict stop-loss at 0.1862 and a target of 0.1672. The trend is down—don’t catch a falling knife; short with the trend.
ARB bulls can’t hold on any longer. Down 3.7% in a day, with panic selling concentrated in a wave. Once the panic selling has cleared, a rebound is often close. Trying a small short at 0.1817, with a strict stop-loss at 0.1862 and a target of 0.1672. The trend is down—don’t catch a falling knife; short with the trend.