ARKham (ARKM) is a project at the forefront of on-chain analytics, and it continues to attract attention. If you're looking for potential opportunities in the spot market, here’s an analysis of possible ARKM trading setups that might be interesting for your research:
Spot trading setups for ARKM:
• Entry zone (buy): Consider the range of $0.680 - $0.725. This zone may offer an optimal entry with relatively low risk, considering the current market structure and technical levels.
• Stop-loss: To protect your capital from unexpected market movements, set a stop-loss at the level of $0.620. This is a critical level, a breach of which may signal further decline.
• Take Profit (TP):
• Target 1: $0.770. Upon reaching this target, it is recommended to move your stop-loss to the breakeven level (i.e., your purchase price) to protect the initial capital.
• Target 2: $0.825.
• Target 3: $0.900.
• Risk/reward ratio: This metal offers an approximate ratio of 3:1, indicating a high potential profit compared to the controlled risk.
Key tips for strategy:
• Lock in profits: After reaching target 1, secure part of the profits and let the rest of the position run, locking in profits as momentum grows.
• Be flexible: Markets are constantly changing. Stay flexible and ready to adapt your strategy.
Important Disclaimer (DYOR)
This is not financial advice! Cryptocurrency markets are extremely volatile. Always conduct your own research (DYOR) and trade responsibly, investing only funds you can afford to lose. #arkm #cryptotrading #SpotTrading #TechnicalAnalysis #BinanceSquare
How do you assess the potential of ARKM in the near term? Share your thoughts!👇
