$ARB EUR BEARISH BREAKDOWN – FALLING AFTER THE SPIKE ⚠️🔻
$ARB EUR showed a sharp bullish spike earlier but has since faced strong rejection, leading to a steep decline and forming a bearish structure on the 15m timeframe.
🔑 Key Levels:
Resistance: €0.3150 and €0.3250
Support: €0.3000 – €0.3050 (watch this demand zone)
Current Price: €0.3067
📉 Trade Setup (Short):
Entry: €0.3070 – €0.3100
Take Profit 1 (TP1): €0.3020
Take Profit 2 (TP2): €0.2980
Stop Loss (SL): €0.3150
💡 Short Market Outlook: After the vertical spike to €0.3325, price has been consistently rejected with heavy selling pressure. Bears are in control unless buyers reclaim above €0.3150 to shift momentum.
⚠️ Risk Management: Use tight stop loss and risk only 1-2% per trade to manage volatility during quick dumps or scalp opportunities.