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Price is at $0.20909, still above all three EMAs (EMA5 at $0.20293, EMA10 at $0.19150, and EMA30 at $0.16884), so the trend is bullish overall. However, the last candle rejected hard from the $0.22940 high, and the MACD histogram is starting to flatten. That tells me the short-term momentum is fading, and a pullback could be coming.
If ARB breaks below the $0.2050 level, I expect a drop toward the EMA10 at $0.1915, then possibly $0.1800.
Trade Setup: Short ARB
Entry: $0.2080 - $0.2100
Stop Loss: $0.2250
TP1: $0.1950
TP2: $0.1850
TP3: $0.1750
Do you think ARB will continue its rally or is a pullback inevitable? Drop your thoughts below.
Not financial advice. Always do your own research.