$ARKM $ARKM The $ARKM /USDT pair has been on a strong uptrend recently, with the price surging from the $1.420 support level to the current price of $1.651. This represents a gain of over 16% in a relatively short period.
Key Levels
Support: The $1.525 level has acted as strong support during the recent pullback. If the price breaks below this level, it could signal a potential reversal of the uptrend.
Resistance: The $1.733 level represents the current 24-hour high and could act as immediate resistance. A break above this level could open the door to further upside potential.
Entry Signal
A potential entry signal could be a dip towards the $1.525 support level. If the price bounces off this level and shows signs of bullish momentum, such as a green candle with increased volume, it could be a good opportunity to enter a long position.
Trading Strategy
Long Position: Buy ARKM/USDT near the $1.525 support level if it shows signs of bullish reversal. Set a stop-loss below the recent low and a take-profit target at the $1.733 resistance level.
Risk Management: Always use stop-loss orders to limit potential losses. Consider using a trailing stop-loss to protect profits as the price moves in your favor.#TetherAEDLaunch #BTCMiningRevenue #USElections2024Countdown #USEquitiesRebound #Write2Earn!