$ARB current price: 0.3487 USDT.
Strong resistance: 0.3476 (Touched MA99 area).
This is the first time the price tests MA(99) after a decreasing trend -> selling pressure may arise.
MA(7) and MA(25) are trending upwards, but MA(99) is still above and sloping downwards.
This is a technical pullback structure in the main downtrend.
Short scenario:
If the next candle closes below MA(99) and breaks the 0.3440 area -> confirms failure at resistance -> drop to 0.336x - 0.329x.
Entry: 0.35xx - 0.3450.
TP: 0.33xx - 0.32xx.
SL: 0.36.
Vol: 1-3%.
Long scenario: (Short-term)
If the price surpasses 0.3500 with high volume and MA(7) crosses above MA(99) -> short-term reversal -> may test the 0.3600 – 0.3650 area.
Entry: 0.35xx
TP: 0.36 - 0.37.
SL: 0.34.
Vol: 1-3%.
Please set SL to protect capital, avoid large losses; if SL is hit, you may consider rebuying, but if SL is hit twice, you should not enter a trade again. Please divide your capital into smaller positions to avoid all-in.
This is a personal opinion, not an investment call or FOMO.
