๐๏ธ Quick update first โ my $HBAR long from about 4 hours ago hit TP1 at 0.09771 (+2.9%).
Everyone expects $ARB to rally on the 15M bounce; the real story is the aggressive sell pressure underneath.
Setup
SHORT on $ARB as 15M momentum flips bearish, 1H momentum stays negative, RSI at 41.3 and volume spikes on the down move.
Levels
Entry: 0.21397 - 0.21483
TP1: 0.20822
TP2: 0.20328
TP3: 0.19833
SL: 0.22058 ๐
Invalidation
If price breaks and holds above 0.22058, the short premise collapses and the trade is void.
What would a sustained bounce above 0.22058 indicate about the current momentum?
Everyone expects $ARB to rally on the 15M bounce; the real story is the aggressive sell pressure underneath.
Setup
SHORT on $ARB as 15M momentum flips bearish, 1H momentum stays negative, RSI at 41.3 and volume spikes on the down move.
Levels
Entry: 0.21397 - 0.21483
TP1: 0.20822
TP2: 0.20328
TP3: 0.19833
SL: 0.22058 ๐
Invalidation
If price breaks and holds above 0.22058, the short premise collapses and the trade is void.
What would a sustained bounce above 0.22058 indicate about the current momentum?