$ARKM just witnessed a massive long liquidation of $7.5739K at $2.08994, sending shockwaves through the market.
This could trigger increased volatility, with the potential for a sharp pullback as liquidations shake out weak hands.
However, this type of event often leads to a volatile price action, which could either lead to further downward movement or an unexpected bounce.
Key support and resistance levels will be critical in determining the next direction.
Whether $ARKM tests lower levels or quickly recovers, traders should stay alert for swift moves in either direction.
Keep an eye on how the market reacts in the coming hours.