The $ARK/USDT pair is experiencing a sharp drop, currently trading at $0.4691, down 11.14%. Earlier, it tested resistance near $0.5900, leading to a significant decline. Now, the price hovers close to its 24-hour low, with bearish momentum dominating.
Key chart indicators, as marked by arrows, show that after a steep climb, the price faced resistance (red arrow), suggesting a reversal. The green arrow indicates a likely continuation of the downward trend.
🔍 Trade Signals:
Long Trade: Enter above $0.5314, with a target at $0.5900 and stop loss at $0.4681.
Short Trade: Enter below $0.4681, targeting $0.4050 with a stop loss at $0.5314.
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Community Engagement:
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