Massive profit taking after$ARK ’s sharp pump triggered stop losses and long liquidations causing the rapid dump.
Let me explain 👇
1. ARK had a blow off top near $0.4262 after a very fast rally triggering heavy profit taking.
2. Once key support broke stop losses and leveraged long liquidations likely accelerated the sell off.
3. The 15m structure then shifted bearish is lowering highs and lower lows formed after the peak.
4. At $0.2589, price remains below MA25 ($0.2649) and MA99 ($0.2833) showing sellers still have short-term control.
5. $0.244–$0.250 is the immediate support zone; $0.265–$0.283 is resistance reclaiming that resistance would improve the structure.
Let me explain 👇
1. ARK had a blow off top near $0.4262 after a very fast rally triggering heavy profit taking.
2. Once key support broke stop losses and leveraged long liquidations likely accelerated the sell off.
3. The 15m structure then shifted bearish is lowering highs and lower lows formed after the peak.
4. At $0.2589, price remains below MA25 ($0.2649) and MA99 ($0.2833) showing sellers still have short-term control.
5. $0.244–$0.250 is the immediate support zone; $0.265–$0.283 is resistance reclaiming that resistance would improve the structure.