ARKM/USDT It required to bounce from the support or break down!
💎 Paradisers, #ARKM has recently undergone notable market dynamics.
💎 Currently situated around the support area, ARKM has previously demonstrated a pattern where it successfully bounced off this support, leading to significant upward movement.
💎 There's potential for ARKM to repeat this pattern, with a bounce followed by a breakout above the resistance of the falling wedge, potentially leading to a backtest of the resistance at the all-time high (ATH).
💎 However, if ARKM fails to maintain support and breaks below it, the next likely stop is the daily bullish OB.
💎 Should ARKM reach the Bullish OB area, there's significant potential for a strong bounce, given that this area has not been tested before. Reclaiming the price above the support area would be crucial for ARKM to confirm a continuation of the upward trend. Failure to do so could lead to bearish momentum and further downward movement.
💎 Currently situated around the support area, ARKM has previously demonstrated a pattern where it successfully bounced off this support, leading to significant upward movement.
💎 There's potential for ARKM to repeat this pattern, with a bounce followed by a breakout above the resistance of the falling wedge, potentially leading to a backtest of the resistance at the all-time high (ATH).
💎 However, if ARKM fails to maintain support and breaks below it, the next likely stop is the daily bullish OB.
💎 Should ARKM reach the Bullish OB area, there's significant potential for a strong bounce, given that this area has not been tested before. Reclaiming the price above the support area would be crucial for ARKM to confirm a continuation of the upward trend. Failure to do so could lead to bearish momentum and further downward movement.
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