📉 $ARB
IS STILL STUCK IN A MACRO DOWNTREND
The macro chart is not pretty.
$ARB keeps printing lower lows.
And until now, we still haven’t seen a convincing higher low.
That matters.
The first level that needs to be reclaimed is around $0.26.
Above that, price still has multiple resistance zones before the bigger area around $0.60.
In a very optimistic scenario, $ARB could eventually reach that level.
But there is a lot of work to do first.
For me, one strong bounce does not change the bigger structure.
I want to see a higher low before I start treating this chart differently.
Nothing is guaranteed. This is simply the higher-probability scenario I see from the technical setup, not a recommendation to buy $ARB . Always do your own research.
IS STILL STUCK IN A MACRO DOWNTREND
The macro chart is not pretty.
$ARB keeps printing lower lows.
And until now, we still haven’t seen a convincing higher low.
That matters.
The first level that needs to be reclaimed is around $0.26.
Above that, price still has multiple resistance zones before the bigger area around $0.60.
In a very optimistic scenario, $ARB could eventually reach that level.
But there is a lot of work to do first.
For me, one strong bounce does not change the bigger structure.
I want to see a higher low before I start treating this chart differently.
Nothing is guaranteed. This is simply the higher-probability scenario I see from the technical setup, not a recommendation to buy $ARB . Always do your own research.
