$ARKM ARKM/USDT here is the analysis and suggested buy entry with stop-loss (SL) for the next 12 hours:
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Brief Technical Analysis
1. Main Trend:
The current price is around $2.0104, after experiencing selling pressure (-2.25%).
Price is consolidating near the MA(7) at 2.0399 and MA(25) at 2.1714.
A breakout above 2.0500 is needed to confirm bullish continuation.
2. Supporting Indicators:
MACD: The MACD histogram is in the negative zone, but the MACD line is approaching the signal line (potential bullish crossover).
RSI: At 43.94, indicating the price is not overbought and has room to move higher.
KDJ: The K(38.99) line is approaching an upward crossover with D(35.40), signaling a potential bullish reversal.
Volume: Current volume is relatively low; increased volume is needed to push the price upward.
3. Key Levels:
Nearest Resistance: 2.0500 (recent swing high).
Nearest Support: 1.9600 - 1.9800 (previous swing low area).
Strong Support: 1.9220 (24-hour low).
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Buy Entry and Stop-Loss Recommendations
1. Buy Entry:
Ideal entry level is around 1.9800 - 2.0000. Wait for a pullback to this zone with confirmation of a bullish candlestick or increased volume.
2. Take Profit (TP):
TP1: 2.0500 (nearest resistance).
TP2: 2.0890 (24-hour high).
3. Stop-Loss (SL):
Place the stop-loss below 1.9600 to limit risk if the price breaks the nearest support.
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Conclusion
Currently, ARKM/USDT is in a consolidation phase with the potential for a rebound if bullish confirmation appears. The ideal buy entry is 1.9800 - 2.0000, targeting 2.0500 resistance, with a stop-loss below 1.9600. Monitor volume and signals from MACD and KDJ for further validation.