$ARB Long Liquidation: $24.195K at $0.78814
A substantial long liquidation of $24.195K occurred at $0.78814, signaling potential bearish momentum for $ARB.
Entry: $0.78814
The liquidation point at $0.78814 serves as a key level for initiating short positions as $ARB shows signs of further downside.
Target: $0.750
The next support level for $ARB is at $0.750, offering a potential 4-5% downside from the entry point.
Stop Loss: $0.800
Place a stop loss at $0.800 to manage risk and protect against unexpected bullish reversals.
Analysis:
The $24.195K long liquidation at $0.78814 suggests increased selling pressure for $ARB. Target $0.750 while mitigating risk with a stop loss at $0.800.