ARKM/USDT In the Crucial Zone, Break out & Potential Exploding!
Yello Paradisers, Potential Exploding! #ARKM
💎 ARKM recently experienced a significant bounce after being rejected at a key support level, and is now testing the resistance zone. While it has broken through this resistance on a lower timeframe, we should wait for daily timeframe confirmation to validate this breakout.
💎A double-bottom pattern is visible, but breaking the current resistance is crucial for ARKM to easily reach the bearish Order Block (OB) or strong supply zone. The optimal buying strategy for ARKM would be to wait for it to break and close above the resistance on either the daily or 12-hour timeframe.
💎 Should ARKM fail to break through this area, it's likely to revert back to a nearby support level to gather momentum for another breakout attempt. If it breaks that support, additional accumulation at the next key support level would be advisable.
💎 This analysis would be invalidated if ARKM breaks and closes below the key support level on the daily timeframe.
💎 ARKM recently experienced a significant bounce after being rejected at a key support level, and is now testing the resistance zone. While it has broken through this resistance on a lower timeframe, we should wait for daily timeframe confirmation to validate this breakout.
💎A double-bottom pattern is visible, but breaking the current resistance is crucial for ARKM to easily reach the bearish Order Block (OB) or strong supply zone. The optimal buying strategy for ARKM would be to wait for it to break and close above the resistance on either the daily or 12-hour timeframe.
💎 Should ARKM fail to break through this area, it's likely to revert back to a nearby support level to gather momentum for another breakout attempt. If it breaks that support, additional accumulation at the next key support level would be advisable.
💎 This analysis would be invalidated if ARKM breaks and closes below the key support level on the daily timeframe.
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