🚨 $ARK /USDT Trading Alert – Potential Breakout or Rejection? 🚨
$ARK is currently trading at $0.5337, up 25.67%, after touching a 24-hour high of $0.5942 and a low of $0.4117. The strong bullish momentum has pushed ARK to test key resistance levels, but will it break through or face rejection?
Key Levels to Watch
🔺 Resistance: $0.5942 – A breakout above this could trigger a surge toward $0.6200 and $0.6500.
🔻 Support: $0.5230 – If this level fails, expect a decline toward $0.5000 and $0.4750.
Trade Setup
📈 Long Entry: Above $0.5942, targeting $0.6200 and $0.6500.
📉 Short Entry: Below $0.5230, aiming for $0.5000 and $0.4750.
🛑 Stop Loss: $0.5150 for longs, $0.6050 for shorts.
Market Insight
MACD is bullish, signaling further upside potential.
Volume is high, indicating strong buying pressure.
Order book data shows 66.38% selling pressure, which could lead to short-term corrections.
ARK must break and hold above $0.5942 to confirm a bullish continuation. A failure to hold support at $0.5230 could trigger a correction. Stay alert for volatility!