Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
ARKM is currently at the crucial support trendline, trying to hold the price above $1.32. The lower support at $1.18 remains intact, and we are likely to see a quick drop to that level followed by a rebound.
Strategy:
- Accumulation: $1.18 to CMP. - Trade: Spot. - Primary Resistance: 35 EMA ($1,57). - Initial Target: $2. - Long-term Target: $4. - Invalidation: A close below the lower support line.
DYOR, NFA.
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