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$ARB is currently hovering around 0.092000 USDT. Do you think it should keep grinding higher, or is it about time for a pullback?
If I had to give a conclusion, I’d lean more toward: a strong consolidation, not an urgent move to go bearish.
My main take is this:
First, after the dip, the support and follow-through are still there, and there’s no obvious retreat in the active buy orders.
Second, the order book hasn’t shown consecutive dump pressure; in the short term, it looks more like consolidation than a turn for the worse.
To add one more point: a waterfall sell order should quickly make new lows; if it’s not dropping fast, it’s not a strong waterfall.
A more comfortable entry level: 0.091264 USDT
Keep an eye on this take-profit level: 0.096784 USDT
Defense level reference: 0.089056 USDT
But the biggest fear at this level is that the support suddenly breaks.
If you were doing the trade here, would you go in first and watch for a bit longer, or just not touch ?