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$ARB trend looks pretty bullish overall, but there's some consolidation creeping in—like the price is catching its breath after a run-up. Not a bad thing, but worth watching. I'm leaning cautious long here
On volume, those recent 4-hour candles are telling: the latest one's down to about 9.99M, compared to the prior 33.28M. Feels like the steam's fading a bit at these levels, maybe sellers testing the waters or folks locking in gains.
Capital flows are all over the place, which is interesting. Over 24 hours, contracts have a nice net inflow of +4.48M USDT, backing up the bull case. But zoom in to shorter frames—4H at -951K, 1H at -298K—and it screams profit-taking. Spot side's holding steady with +475K in 24H, so there's real demand underneath, not just leverage plays.
For entry
$ARB :
Best bet is waiting for a dip to 0.195-0.197 where it hits the MA10; that's where I'd jump in personally. If you're itching to go now at around 0.2006, sure, but make it aggressive with a close stop.
Stop loss at 3% down, say 0.1946 (that nearby support). Don't want to get caught if it flips.
Targets
$ARB : First aim for 0.2075, then stretch to 0.2150 if it runs.
KDJ's screaming overbought, and that volume drop-off hints at more sideways action short-term. Size your position small, and if it cracks below 0.1946, bail out; that'd kill the bull setup and might head to lower levels.
#ARB #ARBUSDT #Arbitrum