Ouch. $ARB ‌ is looking pretty heavy right now.

Just when you think the bottom is in, the floor moves. We’ve been sliding down this hill for hours and that last hourly candle tried to bounce but got smacked right back down at 0.100.
The Reality Check
* Price Action: We are clearly in a "lower highs" cycle. Every tiny pump is just being used as an exit by someone else.
* Support/Resistance: That 0.100 level has flipped from support to a nasty psychological resistance. If we can't reclaim that soon, 0.095 is the next logical pit stop.
* Order Book: The bid side looks decent at 0.098, but the momentum is all with the bears for now.
It’s tempting to catch the falling knife here because "it's cheap," but wait for a solid double bottom or a break of the local downtrend line before getting too excited.
Be careful with the leverage on this one. It's slippery.

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