After that sharp sell-off, the market finally slowed down and started showing signs of stabilization instead of continuous panic selling. On the chart, $ARKM pushed lower aggressively, swept liquidity near the recent lows, and then bounced back to hold around the 0.19 zone, which now looks like a short-term demand area. The candles are no longer expanding downward, suggesting selling pressure is cooling off and a base could be forming here. If buyers manage to defend this region, a recovery move toward the previous breakdown zone is likely, while losing this support would open the door for another leg down.
Trade Setup (Long idea)
Entry Zone: 0.190 – 0.195
Targets: 0.202 – 0.210 – 0.218
Stop Loss: 0.186
The next few candles will be key to confirm whether this is just a pause or the start of a proper rebound.
#ARKM #CryptoAnalysis #Binance #Altcoins #Trading
ARKMUSDT
Perp
0.1984
+1.32%
