ARB surged today, but don't rush to chase it. This is only a rebound on the daily chart level and has not yet formed a true upward trend. Many people get overly excited when they see a big rise, which can lead to misjudgment.

How to determine the authenticity of a trend?

First, look at the structure: Has the price broken through key resistance levels? Has it formed higher lows?

Next, consider the magnitude: Simply rising a lot is not enough; we need to see if it can stabilize.

Finally, look at the volume: Is there trading volume accompanying the rise?

Currently, ARB's increase may be due to:

A rebound from overselling

Short covering pushing the price up

Short-term speculative trading

A real major trend will only begin after the price structure has completely changed. Don't be fooled by short-term gains; it's wiser to wait for trend confirmation.