$ARKM: Resistance Test Fails: Bearish Momentum Building Fast
SHORT SETUP ARKM
Entry: $0.13030 - $0.13050
Stop Loss: $0.13550
Take Profit: $0.12020 (2R)
Key Levels: Support $0.12910 | Resistance $0.13290
Technical Analysis for $ARKM: Price sits below EMA9, EMA21, EMA50 and EMA200, indicating a bearish bias. MACD histogram is negative and the MACD line is under the signal line, reinforcing downside momentum. RSI at 43.3 and Stochastic K/D around 38/40 suggest the pair is not oversold yet but trending lower. Orderbook shows a -7.8% imbalance (more sell pressure) with best bid at 0.1298 and ask at 0.1299. ADX is low (13), signalling a weak trend, so the short setup relies on the confluence of movingaverage alignment, MACD, and orderbook pressure.
Market Context: BTC is in a bearish 24hour move (-1.85%) and the broader market is broadly negative (80.7% red). This downside backdrop adds pressure to altcoins like ARKM.
SHORT $ARKM
SHORT SETUP ARKM
Entry: $0.13030 - $0.13050
Stop Loss: $0.13550
Take Profit: $0.12020 (2R)
Key Levels: Support $0.12910 | Resistance $0.13290
Technical Analysis for $ARKM: Price sits below EMA9, EMA21, EMA50 and EMA200, indicating a bearish bias. MACD histogram is negative and the MACD line is under the signal line, reinforcing downside momentum. RSI at 43.3 and Stochastic K/D around 38/40 suggest the pair is not oversold yet but trending lower. Orderbook shows a -7.8% imbalance (more sell pressure) with best bid at 0.1298 and ask at 0.1299. ADX is low (13), signalling a weak trend, so the short setup relies on the confluence of movingaverage alignment, MACD, and orderbook pressure.
Market Context: BTC is in a bearish 24hour move (-1.85%) and the broader market is broadly negative (80.7% red). This downside backdrop adds pressure to altcoins like ARKM.
SHORT $ARKM
