#ARKM LOOKS LIKE IT IS ABOUT TO FALL BUT IN REALITY...
If you look closely at the weekly and monthly timeframe, ARKM is looking like it's about to fall off. Although, once you observe it's current market scenario. It's still holding its position for quite some time now. Even though it has moved slightly below the $1 price. It's still gaining more demands at key levels 0.7, 0.8, 0.9 and so on. These demands once it increases, will surely give path to recovering the 1.1-1.5 zone of ARKM. Although, since it's still trading at its support. We're also closely observing whether it can continue to hold this key level.
"HOW COME YOU ENTERED A LONG POSITION BEFORE ON SXP WHEN IT WAS ALREADY BELOW 0.3?"
There are many ways to interpret every trader's decision in entering the market and analyzing its every move. However, you must understand that it takes a real trader to identify when to enter and NOT to enter.
Let me tell you why.
Instances when a trade would go south and never give you the best results you've been expecting. There are also way too many times when the trade will just sit there and do nothing and you get impatient. That's when the real test of the crypto market starts. You boldly taking the risk in entering a market when it's already falling so hard and even those below their bottoms which you can call as depths. Only those who know the real value of the depths can enter boldly. The fear that lingers in these zones will be the indicators as to why you should enter the market. Think of yourself as a firefighter entering a place on fire to extinguish the flames. It is only when you experience true fear that you become brave.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
