๐$ARKM Breakout Brewing? | Bulls Eye $0.60 as Recovery Momentum Builds ๐จ
๐ฐ๏ธ Timeframe: 1H & 1D
๐ฐ Current Price: $0.548
๐ป 24H Low: $0.526
๐บ 24H High: $0.557
๐ 1H Chart Breakdown:
Price is tightly consolidating near $0.548.
MACD is slightly bullish but lacks strong momentum โ showing buyer hesitation.
RSI at 47.79 โ neutral zone; price needs push above 50 for bullish strength.
Key resistance: $0.560 (short-term EMA acting as ceiling).
๐ 1D Chart Structure:
$ARKM Price found support on the 200 EMA after a heavy correction from $0.80+.
MACD shows slowing bearish momentum, with histogram flattening.
RSI recovering from oversold (now at 39.98), signaling potential for upside bounce.
๐ฏ Trade Plan (Short-Term Strategy)
๐ฉ Entry Zone: $0.530 โ $0.540
๐ Target 1: $0.578
๐ Target 2: $0.610
๐ Stop-loss: Close below $0.524 support level
๐ง Pro Tip: Watch for a bullish RSI breakout above 50 and MACD crossover for confirmation. Volume spike = trend continuation.
๐ก Market View:
$ARKM appears to be forming a reversal base near long-term support. If bulls sustain price above the $0.55 level, we could see momentum toward the $0.60 resistance zone. It's a patience-play scenario โ one solid candle could confirm the direction.
๐ฅ โIn trading, the first step to winning is surviving the drop.โ
๐ Disclaimer: This is not financial advice. Always DYOR before taking any trade.
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