$ARKMUSD Daily Timeframe (long opportunity) Trade Analysis Daily Timeframe COINBASE:ARKMUSD Trade Analysis
Key Focus: 0.970 Area
The 0.970 level here's what to expect:
When price reaches 0.970, I anticipate a long entry to target 1.051 level for a quick daily 1:1.
Upside look
If price closes with a body above 1.216, I would anticipate a pullback to eventually head to the following targets:
Initial target: 1.405
Secondary target: 1.500 (previous highs)
Ultimate target: 1.799
While price is heading to these targets we can jump on the LTF and find a bunch of entry opportunities.
If you know in which direction price is heading, then you just have to find a way to get in and get out, secure profits
We may see a rejection between the 1.562 and 1.476 area before taking the 1.562 high.
This analysis emphasizes the importance of the 0.970 level while maintaining awareness of potential upside targets.
