$ARB: Fails Resistance Retest: Bearish Extension Imminent
SHORT SETUP ARB
Entry: $0.16850 - $0.16900
Stop Loss: $0.17500
Take Profit: $0.15625 (2R)
Key Levels: Support $0.16700 | Resistance $0.16900
Technical Analysis for $ARB: MACD sits below its signal line with a negative histogram, and price trades beneath the 9, 21and 50EMA, confirming bearish momentum. RSI at 44.8 is neutral, while the Stochastic K at 12.5 signals oversold conditions but does not outweigh the downtrend. The 1hour resistance at 0.169 frames shortbias pressure today.
Market Context: BTC remains bearish on the 4hour chart, trading near $80,010 below its 20EMA, while the broader market shows a slight red bias
SHORT $ARB
SHORT SETUP ARB
Entry: $0.16850 - $0.16900
Stop Loss: $0.17500
Take Profit: $0.15625 (2R)
Key Levels: Support $0.16700 | Resistance $0.16900
Technical Analysis for $ARB: MACD sits below its signal line with a negative histogram, and price trades beneath the 9, 21and 50EMA, confirming bearish momentum. RSI at 44.8 is neutral, while the Stochastic K at 12.5 signals oversold conditions but does not outweigh the downtrend. The 1hour resistance at 0.169 frames shortbias pressure today.
Market Context: BTC remains bearish on the 4hour chart, trading near $80,010 below its 20EMA, while the broader market shows a slight red bias
SHORT $ARB
