$ARKM
- Warning of a bullish breakout 🚦
The ARKM stock shows strong upward momentum, increasing by 7.50%, and testing the resistance level of 0.589 after bouncing from its low of 0.536. Price action indicates a potential breakout if buying pressure remains above the 0.590 area.
Trading settings (Buy):
Entry area: 0.578 - 0.586
Target 1: 0.605
Target 2: 0.625
Stop loss: 0.560
Technical analysis:
Trading volume has increased near the resistance level, indicating an upward trend. A clear close above 0.590 may open the door for a sharp rise towards the 0.620-0.625 range. However, failure to hold above the 0.570 level may lead to a pullback before the next push.