ARB - JUMP SHIP or BAGHOLD ??Hello Traders
ARB is at an all time low.
Since October last year, it's basically been a freefall or call it price discovery if you will, but to the down side. The true question here is if buyers will still show up for support, or if bag holders are just waiting for every opportunity to get out?
It's sad to see yet another promising alt seemingly rugpull over time, losing over 94% since peaking:
In the short term, however, it is encouraging to see that you can still expect anywhere from 10 - 20% during a bounce. This is of course high risk, since bargaining on an increase, especially when the price is so obviously bearish, is high risk.
It's much harder to predict how low the price can go, a per above, since we are in "price discovery" mode.
What are your thoughts on Arb?
