$ARB is experiencing a sharp intraday sell-off driven by long liquidations and aggressive taker selling, leaving the market heavily skewed toward long accounts trying to catch the bottom.
Key levels to watch:
- Immediate Support at $0.15817 followed by $0.15557. A break below $0.15557 risks triggering another wave of long liquidations given the elevated 1.65+ long/short ratios.
- Immediate Resistance at $0.16026 and $0.16276–$0.16345.
Suggested Plan:
- Entry Zone: $0.1560 – $0.1575.
• Stop-Loss: $0.1538
• Take-Profit Targets: $0.1600 for TP1 and $0.1635 for TP2.
Key levels to watch:
- Immediate Support at $0.15817 followed by $0.15557. A break below $0.15557 risks triggering another wave of long liquidations given the elevated 1.65+ long/short ratios.
- Immediate Resistance at $0.16026 and $0.16276–$0.16345.
Suggested Plan:
- Entry Zone: $0.1560 – $0.1575.
• Stop-Loss: $0.1538
• Take-Profit Targets: $0.1600 for TP1 and $0.1635 for TP2.