ARKM Bullish Momentum Signals Potential Trend Reversal!!

24 set

Yello, Paradisers! Is #ARKMUSDT about to make its next big move? This chart is giving us strong signals that we might be witnessing a *bullish reversal*, but there are key levels to watch closely. Let’s dive in.

💎#ARKM is showing strong bullish momentum after a successful breakout from the previous pattern, even breaking the last lower high (LH). This could signal a **trend reversal** back to the upside. However, before getting too excited, we need to see a retest of the demand zone between 1.25 and 1.15. If this retest holds, we could expect a significant upward movement, with price potentially reaching the major resistance area over the next few weeks or months.

💎If ARKM fails to rebound from 1.32 and breaks below this level, we could be looking at a fake-out. In that case, the price may revisit the major support zone between 0.92 and 0.74. If this happens, it might actually present a solid buying opportunity since this level has a high probability of recovery, offering another chance for the upward trend to resume.

💎A daily candle close below 0.74 would invalidate the bullish outlook, as this breaks the previous low. If that happens, ARKM could make a new lower low, potentially leading to further downside.

Remember, Paradisers, patience and discipline are key.

MyCryptoParadise
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