ARKM/USDT Price shows downward momentum, Keep an eye on demand!
💎 ARKM has recently undergone significant market dynamics, notably breaking the support trendline. The recent upward movement appears to have been a retesting phase on the resistance before a continued downward trend.
💎 For traders, the optimal entry point may be waiting for the price to reach the demand area around $2.1. This area indicates a potential continuation of the downward movement from the current price level.
💎 However, if ARKM fails to bounce upon reaching the demand area, there's a possibility of further downward movement towards the Bullish Order Block (OB). In the Bullish OB, one can expect a strong bounce and a potential reversal to the upward movement.
💎 On the contrary, a bearish scenario would unfold if ARKM failed to sustain itself within the Bullish OB area, resulting in a breakdown.
💎 For traders, the optimal entry point may be waiting for the price to reach the demand area around $2.1. This area indicates a potential continuation of the downward movement from the current price level.
💎 However, if ARKM fails to bounce upon reaching the demand area, there's a possibility of further downward movement towards the Bullish Order Block (OB). In the Bullish OB, one can expect a strong bounce and a potential reversal to the upward movement.
💎 On the contrary, a bearish scenario would unfold if ARKM failed to sustain itself within the Bullish OB area, resulting in a breakdown.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.