🚨 ARKM BIG PUMP SOON!!! 🚨
Next Stop $3 ?👇
The chart shows a clear cup-and-handle pattern forming on ARKM/USDT on the 6-hour chart. This is a bullish continuation pattern, typically indicating a breakout to the upside if the price successfully breaches the resistance zone.
Analysis:
1. Resistance Zone:
The neckline of the cup is around $2.27 - $2.28, which is being tested now. A breakout above this level, confirmed by volume, will likely lead to further bullish momentum.
2. Cup-and-Handle Target:
To calculate the target for the pattern, measure the depth of the cup (from the neckline to the lowest point of the cup).
Approximate target:
$2.28 (neckline) + $0.70 (depth of cup) = $2.98 - $3.00.
3. Handle Formation (Second Move):
If the price fails to break out immediately, it could retrace slightly to form a "handle," potentially retesting $2.20 - $2.21 before attempting another breakout.
4. Volume Confirmation:
For the breakout to be valid, we need to see increased trading volume as the price moves past $2.28.
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Predictions for Next Moves:
1. First Move: Breakout above $2.28. If successful, the price can quickly rally toward $2.60 - $2.80, with the eventual target near $3.00.
2. Second Move: If rejected at the neckline, the price may pull back to $2.20 - $2.21, forming a handle before resuming its uptrend.
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Trade Plan:
Long Entry: Above $2.28, after a 6H or 1H candle close with strong volume.
Stop Loss: Below the handle support at $2.15 (if formed) or below $2.20.
Take Profit:
First target: $2.60.
Final target: $3.00.
- Check now...👉$ARKM 👇
Let me know if you'd like more details or adjustments to this setup!💬
#Arkm$3soon