Trading Plan Short $ARB
$ARB got rejected at $0.09099 resistance after an initial push.
Entry: $0.09070-$0.09200
Stoploss: $0.09380
Targets: $0.08950 / $0.08650 / $0.08200
ARB failed to clear the 1H swing high, indicating smart money distribution into the liquidity above. Price is trading just under the EMA50, a clear rejection point for this range. Retail is heavily long with a 1.67 L/S ratio, setting up a liquidity grab below. OI added 3.7% on this move, but the basis is contracting, suggesting weakness. Reclaim $0.09380, short voided.
Trade $ARB here 👇
$ARB got rejected at $0.09099 resistance after an initial push.
Entry: $0.09070-$0.09200
Stoploss: $0.09380
Targets: $0.08950 / $0.08650 / $0.08200
ARB failed to clear the 1H swing high, indicating smart money distribution into the liquidity above. Price is trading just under the EMA50, a clear rejection point for this range. Retail is heavily long with a 1.67 L/S ratio, setting up a liquidity grab below. OI added 3.7% on this move, but the basis is contracting, suggesting weakness. Reclaim $0.09380, short voided.
Trade $ARB here 👇