1Create a free account on the Binance website or the app.
2Choose how you want to buy the Arkham asset.
3Check the payment details and fees.
4Store or use your Arkham in Binance.
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$ARKM experienced some profit-taking after the airdrop. However, today it managed to bounce off the resistance zone.
Looking at the chart, the price has been moving within a falling wedge formation, which typically results in an upward breakout. #BinanceHODLerLAYER
Technical Analysis:
• Price Movement: The price has been in a falling wedge for a while and has now reacted from the support level.
• Support and Resistance Levels:
• Support: 0.60 - 0.65 zone
• Resistance: 0.80, 1.20, and 1.40 levels
• Possible Scenarios:
• Break above 0.80: Could trigger an upward movement, targeting 1.20 and 1.40.
• Staying below 0.60: May deepen the downtrend.
For a confirmed breakout from the falling wedge, a high-volume move is crucial. A breakout without volume could be misleading, so waiting for confirmation before making a trade is important.
#BinanceAlphaAlert
{spot}(ARKMUSDT)