TradingView
MyCryptoParadise_Simon
Feb 7, 2024 1:59 PM

ARKM/USDT Already Broke Out of Descending Channel| What's Next? Long

ARKM / TetherUSBinance

Description

â‹…
💎Paradisers, let's dive into #ARKMUSDT, as the current market behavior presents a promising chance for a bullish rebound from its vital support zone.

💎Analyzing #Arkham's recent market performance, we witness a consistent 48% drop from its last peak. Nevertheless, its tenacity at the support level of $0.514 shows the possibility for an upward trend.

💎Despite hurdles in setting new highs or surpassing previous achievements, which has created a short-term bearish outlook, the $0.514 mark is crucial for #ARKM. This level is on the edge of sparking a significant bullish momentum upon reevaluation.

💎As proactive traders, we're always prepared with a backup plan. If #ARKM falls further from this support, we're expecting a bullish revival starting at the secondary support of $0.455. However, it's important to note, breaking this level might signal extended bearish phases.

💎Stay adaptable in your trading approach and alert with the market movements, Paradisers. Your ParadiseTeam is actively watching, ready to guide you through these market fluctuations.

Trade closed: target reached

â‹…
Bingo! #ARKM is dancing to our tune, up 127.87% just like we predicted.

Comment

â‹…
Comments
Xanrox
â‹…
Nice, just wait for a pullback to the orderblock, then buy.
More