$ARK Hits Resistance Wall Time to Catch the Drop❓❓❓

$ARK spiked aggressively from $0.3728 to $0.4774 but got heavily rejected near local highs. Now, with momentum cooling and profit-taking visible in the wicks, the setup favors a short pullback.

SHORT Trade Setup

Entry Zone: $0.4080 – $0.4120

TP1: $0.3920

TP2: $0.3820

TP3: $0.3740

Stop Loss: $0.4215

📉 Technical Insight:

The price faced a steep rejection at $0.4774 and formed a bearish engulfing candle on the 1H timeframe. Volume is tapering off, signaling weakening buyer pressure.

This move was fast but what shoots up, often corrects even faster.