Technical analysis by ChiProactive about Symbol ARKM: Buy recommendation (9/15/2024)

Daily Timeframe ARKMUSD Trade AnalysisKey Focus: 0.970 AreaThe 0.970 level here's what to expect:When price reaches 0.970, I anticipate a long entry to target 1.051 level for a quick daily 1:1.Upside lookIf price closes with a body above 1.216, I would anticipate a pullback to eventually head to the following targets:Initial target: 1.405Secondary target: 1.500 (previous highs)Ultimate target: 1.799While price is heading to these targets we can jump on the LTF and find a bunch of entry opportunities.If you know in which direction price is heading, then you just have to find a way to get in and get out, secure profitsWe may see a rejection between the 1.562 and 1.476 area before taking the 1.562 high.This analysis emphasizes the importance of the 0.970 level while maintaining awareness of potential upside targets.Disclaimer: Not financial advice.