$ARK / USDT โ€“ Bouncing Off Support โ€“ Potential for Further Gains? ๐Ÿค”๐Ÿ“ˆ

$ARK / USDT is currently trading at $0.4688, up by +1.58% today. Looking at the 4-hour chart, we can see a recent dip down to the $0.44 level, followed by a bounce back up. This suggests potential support around that area.

๐Ÿง Potential Trading Scenarios:

* Support Level: The $0.44 zone appears to be acting as a significant support level.

* Retest of Resistance: The price is now moving towards potential resistance around the $0.48 level.

* Positive Momentum: The recent bounce indicates renewed buying interest.

๐Ÿ“ˆ Potential Long Entry (If Support Holds): Consider entering around the current price or on a slight dip towards $0.465, with a stop loss placed below $0.44. Target potential resistance levels at $0.48 and then $0.50.

๐Ÿ“‰ Potential Short Entry (If Resistance Holds): If the price rejects the $0.48 resistance with strong bearish momentum, a short entry targeting the $0.465 and then $0.44 support levels could be considered.

โš ๏ธ Outlook:

ARK/USDT is showing positive momentum after bouncing off a key support level. The ability to break through the $0.48 resistance will be crucial for further gains. Monitor volume and price action for confirmation. Always manage your risk effectively.

ARKUSDT ยท Binance

0.4688 +0.0080 (+1.74%) (based on the last 4 hours)

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