$ARB just made a strong recovery, but I don’t trust this rally to continue much further. A sharp correction could be next.
I’m taking a BIG SHORT position on $ARB here, expecting a potential drop toward $0.185.
Price has already faced rejection near $0.2005. If $0.196 breaks decisively, selling pressure could increase.
entry: $0.1960 – $0.1970
targets: $0.1920 / $0.1890 / $0.1850
sl: $0.2028
This is a risky countertrend trade, so I’ll keep my risk controlled. A breakout above $0.2005 could weaken this bearish setup.
I’m taking a BIG SHORT position on $ARB here, expecting a potential drop toward $0.185.
Price has already faced rejection near $0.2005. If $0.196 breaks decisively, selling pressure could increase.
entry: $0.1960 – $0.1970
targets: $0.1920 / $0.1890 / $0.1850
sl: $0.2028
This is a risky countertrend trade, so I’ll keep my risk controlled. A breakout above $0.2005 could weaken this bearish setup.