$ARK $ARK

Professional Analysis of $ARK /GBP Chart

Support and Resistance Levels

- Support Levels:

- 0.5038 GBP: This is the 24-hour low, acting as a significant support level.

- **0.4704 GBP:** Another recent low on the chart, providing additional support.

- **Resistance Levels:**

- **0.5338 GBP:** This is the 24-hour high, serving as a key resistance level.

- **0.5599 GBP:** Previous high on the chart, indicating further resistance.

#### Entry Signal

- **Entry Point:** Consider entering a long position if the price breaks above 0.5338 GBP with strong volume, suggesting a bullish trend continuation.

- **Stop Loss:** Place a stop loss just below the support level at 0.5038 GBP to minimize potential losses.

- **Take Profit Levels:**

- **First Target:** 0.5599 GBP (previous high)

- **Second Target:** Depending on risk tolerance and market conditions, adjust accordingly.

#### Technical Indicators

- **Moving Averages:**

- **MA(7):** 0.5141 GBP

- **MA(25):** 0.5149 GBP

- **MA(99):** 0.5507 GBP

- **Volume:**

- **Current Volume:** 745,240

- **MA(5):** 1,113,942

- **MA(10):** 843,442

### S

ummary

The chart indicates potential bullish momentum with the price currently above key moving averages. Strategic entry, stop loss, and take profit points help manage risk while capitalizing on upward trends.

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