$ARB is trying to bounce, but the bigger picture is still weak 📉⚠️
Price gained 1.14% today, climbing from a low of $0.08182 to a high of $0.08548. However, the move lacks real momentum and ARB continues to trade near the bottom of its broader range.
The structure remains bearish overall. We're still seeing lower highs and lower lows on the higher timeframe, and buyers have not yet reclaimed any major resistance levels. Today's green candle looks more like a relief bounce than the start of a new uptrend.
📊 Key levels to watch:
• Support: $0.08400 – $0.08182
• Major Support: $0.08000
• Resistance: $0.08548 – $0.08600
• Major Resistance: $0.08800 – $0.09000
Volume remains decent ($30.93M+ USDT traded), showing active participation, but not enough buying pressure yet to confirm a bullish reversal.
Possible plan 👇
🔴 Short Zone: $0.08550 – $0.08650
🎯 Target 1: $0.08182
🎯 Target 2: $0.08000
🎯 Target 3: $0.07800
❌ Invalidation / Stop Loss: Above $0.08800
$ARB is still trapped inside a bearish structure. Bulls need a strong breakout above $0.08800 to shift momentum back in their favor. Until that happens, rallies into resistance look more like selling opportunities than trend reversals. 📉
No financial advice. Manage risk properly.