šØ $ARK Hits Resistance Wall Time to Catch the Drop? āš
$ARK pumped hard from $0.3728 to $0.4774 but ran straight into a rejection zone, with profit-taking wicks signaling cooling momentum. This looks primed for a healthy pullback.
š» Short Trade Setup
⢠Entry Zone: $0.4080 ā $0.4120
⢠Target 1: $0.3920
⢠Target 2: $0.3820
⢠Target 3: $0.3740
⢠Stop Loss: $0.4215
š Technical Insight: After the aggressive spike, $ARK printed a bearish engulfing candle on the 1H with volume dropping off classic signs of a pending correction. What rockets up often corrects just as fast trade it wisely!