💥ARB Holding the Floor, Relief Bounce or Dead Cat?
✏️Bias: Cautious Bullish (short-term), Bearish (higher timeframe)
📉Market Structure:
ARB is still in a clear downtrend with lower highs and lower lows. Price bounced from the 0.094 zone and now trying to build a base around 0.11. Structure is weak but short-term buyers are stepping in.
Key Levels:
Support: 0.1080 → 0.1000 → 0.0940
Resistance: 0.1155 → 0.1200 → 0.1290
Above 0.115, we can see a push toward 0.12. Below 0.108, downside continuation likely.
Volume & Momentum:
Volume picked up on the bounce, showing some dip buyers. RSI jumped near 67, so short-term momentum is strong, but still risky in a bigger downtrend.
Trader View:
This looks like a relief bounce inside a bearish trend. Scalpers can play long above 0.11 with tight SL. Swing traders should wait for a structure break or higher low confirmation.