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Currently, $ARB is approximately around 0.11128 USDT.
Do you think we should keep grinding upward here, or is it about time for a pullback?
$ARB If I were to give a conclusion first, I would lean more towards:
Pull back first and then look for a direction.
Here's my main perspective:
First, the order book shows some signs of sluggishness, so chasing aggressively isn't worthwhile.
Second, the buying momentum isn't strong enough; there's still a lack of energy to break upward.
To add one more point, if the 5-minute chart reclaims the key level, the 15-minute chart reclaims the previous high, or if a breakdown forms a higher low, that would be considered invalid.
The entry points I will watch are: 0.1121 USDT.
First target: 0.1054 USDT.
Stop-loss reference: 0.1148 USDT.
I'm not betting on the direction, only confirming on the right side.
Wait until volume confirms a steady hold above the resistance before adding more; if it can't break through and pulls back, consider trying short positions.
Right now, both upward and downward moves are vulnerable to hits, and the risk-reward ratio isn't favorable. It's safer to watch and wait for the most stable option.