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$ARB Currently watching ARB, the price is around 0.1034 USDT. Do you think it will continue to grind higher, or is it about time for a pullback?
If I had to give a conclusion, I would lean towards: a rally first, then a shakeout.
Here's my reasoning:
First, divergence at high levels is starting to widen, making a short-term shakeout more likely.
Second, the order book shows some signs of stagnation, so chasing aggressively isn't worth it.
One more point: a waterfall pattern should quickly make new lows; if it doesn't fall fast, it's not a strong waterfall.
Suggested entry price: 0.1042 USDT
Watch this take-profit level: 0.098023 USDT
Stop-loss reference: 0.1067 USDT
But the biggest risk here is that the bears haven't gained momentum yet and might get squeezed out first.
If you were trading this, would you go long first, wait and watch a bit longer, or just stay away?