ARB +17.6% with LSK moving alongside it: Layer 2 is moving as a group.
ARB trades at $0.1600. Open interest rose 29% over 24h and volume ran 3.4x its weekly average, so new money is backing this move rather than just shorts closing out. No news matches the move.
Rising open interest on a rally usually means fresh positioning, not just a squeeze. ARB's 50-week EMA sits at $0.1772: if price clears that, it puts ARB back above a level it has been under. If it fails there and open interest starts falling, the move likely runs out of new buyers.
What would make this wrong: If open interest reverses lower while price is still rising, that would mean the move is running on thinning support, not real demand.
Were you already in ARB before this move or watching from the side?
The sizing images: a $10,000 demo account at 1% risk, long and short with the same stop, one typical daily move away. Both sides, because this is not a call.
And two alerts on the demo account, one above today's high and one below today's low, instead of guessing which way it breaks.
Not advice.
Size a trade on ARB before you take one: creviacockpit.com/n/24506
Follow for the levels that matter, every day.
$ARB
#TradingPsychology #Crypto #CreviaCockpit | creviacockpit.com/lessons?s=square
ARB trades at $0.1600. Open interest rose 29% over 24h and volume ran 3.4x its weekly average, so new money is backing this move rather than just shorts closing out. No news matches the move.
Rising open interest on a rally usually means fresh positioning, not just a squeeze. ARB's 50-week EMA sits at $0.1772: if price clears that, it puts ARB back above a level it has been under. If it fails there and open interest starts falling, the move likely runs out of new buyers.
What would make this wrong: If open interest reverses lower while price is still rising, that would mean the move is running on thinning support, not real demand.
Were you already in ARB before this move or watching from the side?
The sizing images: a $10,000 demo account at 1% risk, long and short with the same stop, one typical daily move away. Both sides, because this is not a call.
And two alerts on the demo account, one above today's high and one below today's low, instead of guessing which way it breaks.
Not advice.
Size a trade on ARB before you take one: creviacockpit.com/n/24506
Follow for the levels that matter, every day.
$ARB
#TradingPsychology #Crypto #CreviaCockpit | creviacockpit.com/lessons?s=square
