$ARKM

📊 ARKM/USDT Technical Analysis – Binance Update

Current Price: $1.565 (-14.57%)

24h High: $1.898 | 24h Low: $1.447

24h Volume (ARKM): 36.18M ARKM

24h Volume (USDT): $60.37M

Key Indicators

1. SAR (Stop and Reverse): Current SAR value is 1.611, suggesting bearish pressure as the price is trading below this level.

2. Bollinger Bands: The price is nearing the lower band, indicating oversold conditions or potential for a reversal.

3. MACD: A bearish crossover signals downward momentum, but decreasing volume suggests possible stabilization.

Targets 🎯

1️⃣ Target 1: $1.61

This level aligns with the SAR, acting as the immediate resistance. A move above could trigger a short-term recovery.

2️⃣ Target 2: $1.75

Midway between the 24h low and high, and a potential consolidation zone if buyers regain strength.

3️⃣ Target 3: $1.90

The 24h high and a major resistance level. A break above this could indicate a strong bullish reversal.

Trading Strategy

📉 Bearish Scenario: If the price drops below $1.447, expect further downside toward $1.40 support. Tighten stop-loss orders to mitigate risk.

📈 Bullish Scenario: A rebound above $1.611 could attract buyers, targeting $1.75 and $1.90. Watch for increasing trading volume as confirmation.

💡 Risk Management: Given the high volatility (-14.57%), consider small position sizes and set stop-loss orders around $1.45.

➡️Trade cautiously and stay updated for real-time moves! 🚀

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