$ARB is at $0.2043 with a 9 out of 14 setup score, and the tape says long.
the level that matters is $0.1996, yesterday's low. spot is only 2.2% above it. the 30d is +7.77% and it's ahead of BTC by 1.0 points over that window, even though the last 7 days lagged by 2.2.
the soft spot is volume. the last 5 days ran at 0.34x the 20 days before, so this is a quiet drift, not a breakout. daily RSI 57 leaves room, but the MACD histogram is still negative, and i'd rather say that than hide it.
$ARB trades at $0.2043 right now. if it holds $0.1996, i think it walks up to the 20-day mean at $0.21064, about 3.2% away. if it loses $0.1996, i'm wrong on this and there's nothing to defend, and anyone long takes that hit with me.
holding $0.1996 or losing it?
follow me for more calls like this.
the level that matters is $0.1996, yesterday's low. spot is only 2.2% above it. the 30d is +7.77% and it's ahead of BTC by 1.0 points over that window, even though the last 7 days lagged by 2.2.
the soft spot is volume. the last 5 days ran at 0.34x the 20 days before, so this is a quiet drift, not a breakout. daily RSI 57 leaves room, but the MACD histogram is still negative, and i'd rather say that than hide it.
$ARB trades at $0.2043 right now. if it holds $0.1996, i think it walks up to the 20-day mean at $0.21064, about 3.2% away. if it loses $0.1996, i'm wrong on this and there's nothing to defend, and anyone long takes that hit with me.
holding $0.1996 or losing it?
follow me for more calls like this.