ARKM/USDT Daily Analysis and Trading Strategy

Support Levels:

1. $1.47: Short-term support, close to MA7, the price may fluctuate and consolidate here.

2. $1.31: Strong support level, if broken, it will further open up downward space.

Resistance Levels:

1. $1.69: Resistance at the MA25 moving average, a breakthrough will strengthen the rebound momentum.

2. $1.75: Important medium-term resistance, a significant volume breakout is needed to confirm the upward trend.

Market Analysis:

The current price of ARKM is $1.51, up 3.50%, recently forming a short-term rebound, with the price breaking through the MA7 moving average. The MACD indicator shows a shortening of green bars, and momentum has somewhat recovered, but a volume confirmation of the upward strength is still needed. Overall, the rebound trend has not yet been fully confirmed and is still in a fluctuation adjustment phase.

Trading Suggestions:

• Long Position Strategy:

Try a light long position near $1.47, target $1.69, after breaking through look towards $1.75, stop loss at $1.43.

• Short Position Strategy:

If the rebound is blocked near $1.69, consider gradually entering short positions, target $1.50-$1.47, stop loss at $1.72.

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