$ARK
I expect ark to go downward. but it may jump upto 0.8
for short time scalping
Place a short order when the price closes below 0.3250 USDT on your chosen timeframe (e.g. a 1‑hour or 4‑hour candle). This level acts as a confirmation of the retracement continuing rather than a temporary bounce.
Entry Range:
Consider entering in the zone between 0.3260 and 0.3300 USDT. You may either use a market order once confirmation is provided or a limit order slightly above your desired entry zone if you expect further downward continuation.
Take Profit Targets:
Based on support/resistance levels from the technical analysis, you might set multiple exit targets:
Target 1: ≈0.3150 USDT – an immediate price level that has acted as support previously.
Target 2: ≈0.2980 USDT – a further drop where subsequent bounces have been observed.
Target 3: ≈0.2850 USDT – a more aggressive target if the downward trend accelerates.
Stop-Loss Placement:
To protect your trade if the market reverses, place a stop-loss above the entry zone. For example, a stop-loss at approximately 0.3550 USDT is suggested. This level should be based on a recent resistance area or a moving average that is acting as a ceiling.
you may consider current position for scalping as well
DYOR
