On the 4H timeframe, ARK is currently forming a rising wedge, which is typically a bearish chart pattern. I expect the price to pull back to the lower support trendline of the wedge before making a strong upward move—potentially around a 27% pump from that level. This setup is more suited for long-term holders; if you lack patience, it might be best to sit this one out.
In the short term, ARK appears bearish, especially with BTC showing weakness. A downward move is likely as ARK seeks to grab liquidity from lower levels before a possible reversal. The CoinGlass 24H liquidation heatmap shows a concentration of shorts, which could fuel a future short squeeze.
In summary, I’m bearish in the short term as ARK dips to collect liquidity, but bullish long term once it finds support. The real opportunity comes after the liquidity grab—so keep an eye on that trendline support zone.
5x leverage isolated
Sl: .3778
Target: 1) .4507 2).4737 3).5030 4).5200
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