ARKM/USDT Daily Analysis and Trading Strategy

Support Levels:

1. $1.47: Short-term support, close to MA7, the price may consolidate and oscillate around this level.

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

Resistance Levels:

1. $1.69: MA25 moving average resistance, breaking through will strengthen the rebound momentum.

2. $1.75: Important medium-term resistance, a significant 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 the green bars, with momentum recovering somewhat, but confirmation of upward strength is still needed. Overall, the rebound trend has not yet been fully confirmed and is still in a consolidation adjustment phase.

Trading Suggestions:

• Long Position Strategy:

Lightly enter long positions near $1.47, target $1.69, look for $1.75 after a breakout, with a stop loss at $1.43.

• Short Position Strategy:

If the price is blocked near $1.69 during a rebound, consider gradually entering short positions, targeting $1.50-$1.47, with a stop loss at $1.72.

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