๐จ$ARMon $ARMon Market Update | 4H Chart ๐จ
$ARMon is showing strong bearish momentum on the 4-hour timeframe, currently trading around $334.96, down 11.53%. The asset has experienced a sharp decline from the recent high near $397.39, with sellers maintaining control throughout the session.
๐ Key Observations: โข Multiple consecutive red candles confirm strong downward pressure. โข Price is trading below both the MA(7) and MA(25), indicating a weak short-term trend. โข Immediate support is located around $331.18. โข A break below support could trigger another wave of selling. โข Bulls need to reclaim the $357โ$365 zone to signal potential recovery.
โ ๏ธ Momentum remains weak, and traders should watch for either a support bounce or further breakdown confirmation.
Market Sentiment: BEARISH ๐ป
#ARMon #ARM #Ondo #Crypto #CryptoTrading #TechnicalAnalysis #PriceAction #Altcoins #Bearish #supportandresistance t #CryptoMarketAlert gSignals #SupportAndWin dResistance #Binance #TradingCommunity b3 #DeFi #MarketUpdate #CryptoNews #TradingCommunity #DYOR #OnChain ๐ป๐
$ARMon is showing strong bearish momentum on the 4-hour timeframe, currently trading around $334.96, down 11.53%. The asset has experienced a sharp decline from the recent high near $397.39, with sellers maintaining control throughout the session.
๐ Key Observations: โข Multiple consecutive red candles confirm strong downward pressure. โข Price is trading below both the MA(7) and MA(25), indicating a weak short-term trend. โข Immediate support is located around $331.18. โข A break below support could trigger another wave of selling. โข Bulls need to reclaim the $357โ$365 zone to signal potential recovery.
โ ๏ธ Momentum remains weak, and traders should watch for either a support bounce or further breakdown confirmation.
Market Sentiment: BEARISH ๐ป
#ARMon #ARM #Ondo #Crypto #CryptoTrading #TechnicalAnalysis #PriceAction #Altcoins #Bearish #supportandresistance t #CryptoMarketAlert gSignals #SupportAndWin dResistance #Binance #TradingCommunity b3 #DeFi #MarketUpdate #CryptoNews #TradingCommunity #DYOR #OnChain ๐ป๐
