$ARKM has surged 14.39% in the last 24 hours, currently trading near the upper Bollinger Band at 0.475.
This proximity suggests potential overextension, indicating that a correction may be imminent.
With key resistance at 0.467 and support at 0.389, traders should consider placing stop-loss orders below 0.389 to manage risk.
Volatility appears to be expanding, which could present trading opportunities but also increases risk.
Wait for confirmation of a trend reversal or a pullback before entering positions. Setting alerts at 0.475 could be beneficial.
