$ARB ARB From a short-term perspective, as long as the market does not break around 0.2990, the bearish trend on the daily chart will not change.
The key focus now is on the price of 0.2990; once the daily chart breaks this price, it signifies the end of this downward phase and will enter a rebound cycle at the daily level.
For those still holding cash positions, seize the opportunity of the daily-level pullback or drop to decisively position for cash, reference points for cash are around 0.2901\0.2860, and 0.2753.
If it stabilizes above 35.29, it will indicate an upward trend, with resistance levels at: 0.3063, 0.3121, and 0.3239 in the vicinity. Friends, build your positions in batches.
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