ARKM scalp long setup $ARKM is holding the range low well.
I see liquidity buildup just above the RL.
If it taps 1D demand + RL , I will enter long.
ARkM: good time to accumulatePrice enter and react at demand zone, now it can reach supply zone around $1.2. We can wait to buy between 0.9 and 1.0
ARKM MARKET INSIGHTS ARKM long term support lyes at 0.38 region, so expect it might touch main supply zone in coming weeks. So it is not recommended for spot holding, small trades can be done for intra day.
However, if it breaks 0.95 zone then we can expect for bullish movement targeting 2.00 level.
ARKMToday, the price ascended as expected. I'm offering a closer view to provide a clearer micro perspective. By examining the labels, you can follow my count of this downward movement. I believe today's upward movement was the mini-a wave of ii. If correct, we should see a decline to the mid $10 range
Can be Head Shoulders Pattern | Wait for the Right ShoulderOn 1H TF
I spotted a Head Shoulders Pattern with Left and Head had been done so I will wait for the Right Shoulder.
If my view is true, $1.7 will be a next support
Wait for a confirmation
Cup & Handle pattern formation for ARKMUSDT - Short 1) Wait for breakout and candle close before entering the trade.
(Optional: You can enter on retest)
2) Add a SL 3 ATR above the high last 15 min candle above the breakout line
3) Most important: Book your profits at the golden ratio.
PS: This is perpertual futures contract, please trade with ca
ARKM Cup FormationWe have a cup formation and hype here.
Red lines are daily resistance levels.
Green one is SHORT THERM target.
I may sell half of my bag at first target and then i wanna see how far it can rise.
Good Luck!
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Summarizing what the indicators are suggesting.
Oscillators
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Neutral
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Neutral
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Moving Averages
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Moving Averages
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.