Will ARKMUSDT Surge or Plummet? Critical Analysis Inside!

7月19日

Yello, Paradisers! Have you been tracking #ARKMUSDT’s latest action? Let's dive in.

💎#ARKM has successfully rebounded from strong demand and broken out of a falling wedge pattern, indicating bullish momentum. The price is currently retesting the 1.456 demand level and could continue upward to test the key resistance level at 2.055.

💎Breaking through this resistance is crucial for ARKM to sustain its upward movement, with the highest probability of reaching our target resistance area.

💎However, if Bitcoin experiences negative momentum, ARKM might revisit the 1.456 demand level to build new momentum for another rebound and attempt to test the resistance.

💎If ARKM fails to bounce during the retest and breaks down from the demand level, it could signal trouble as the price might visit the strong demand area. Repeated touches of a strong area often indicate weakening support.

💎If ARKM maintains strong momentum, it has the potential to rebound and reverse upward. But if ARKM breaks down the strong demand, bearish momentum will likely take over, invalidating the bullish outlook and driving the price downward.

If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.

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