$ARKM ⚠️ TECHNICAL ANALYSIS FOR THE NEXT 24 HOURS

Here is the technical analysis for the ARKM/USDT pair:

1. General Trend:

The last price is at $2.1268, with an increase of 2.06%.

The 24-hour high is $2.1686, and the 24-hour low is $2.0117.

The price appears to have bounced off the support level around $1.9123.

2. Moving Average (MA) Indicators:

MA(7): $2.0877 (the current price is slightly above this MA).

MA(25): $2.0738.

MA(99): $1.9726.

The short-term trend suggests a potential uptrend as the price is above MA(7) and approaching MA(25).

3. RSI Indicator:

The RSI is at 57, indicating the price is neither overbought nor oversold, leaving room for further upward movement.

4. MACD Indicator:

The MACD histogram is positive, with the MACD line above the signal line, signaling a developing bullish momentum.

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Strategy for the Next 24 Hours:

1. Entry Buy:

Entry Level: Wait for a pullback to the support area around $2.05 - $2.07 for a buy entry.

Confirm the entry if a bullish candle forms around this area.

2. Stop Loss (SL):

Place the SL below the strong support level at $1.98 to anticipate a potential price drop.

3. Take Profit (TP):

TP 1: $2.16 (the previous 24-hour high).

TP 2: $2.25 if bullish momentum strengthens.

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Notes:

Always monitor volume movements. If volume increases as the price approaches resistance, the chances of a breakout are higher.

Adjust position size according to your risk management, typically limiting SL risk to 1-2% of total capital.