$ARB is making it heavy at the moment.

The bottom is almost reached, and then the floor moves. It has taken us hours to get down this hill, and that last hourly candle attempted the jump, but was knocked down on the spot at 0.100.

The Reality Check

Price Action: We are evidently in a downhill highs. And every small pump is only being exploited by other people.

Support/Resistance: That 0.100 mark has now gone to become a disgusting psychological resistance instead of an area of support. In case we are not able to recover that shortly, the next rational stop point is 0.095.

Order Book: The bid side is looking good at 0.098 though the bears are yet to get the good news.

The falling knife in this case is tempting to get the falling knife falls here since it is cheap but wait before the local downtrend line is broken or rather wait until it forms a solid bottom.

Take caution on the leverage on this one. It's slippery.

‍#ARB