Today's Trading Signals for Ark

Entry Range: $0.4900 - $0.5050
SL: $0.4827 - $0.4974
TP: $0.5150 - $0.5807

ARK's recent price movement shows signs of consolidation around the $0.49-$0.50 range after a sharp decline of 10.23% in the past 24 hours. The 24h volume-to-market cap ratio at 21.02% indicates relatively strong trading activity, suggesting potential volatility suitable for scalping strategies. With the price nearing its 24h low of $0.4943, traders could capitalize on potential rebounds or breakdowns.

For long positions, enter near the support at $0.4900-$0.5050, targeting a rebound to resistance levels around $0.5150-$0.5807. Use a tight stop-loss to minimize risk in case of further downtrend continuation.

For short positions, consider entries if the price fails to sustain above $0.5050 with a breakdown below $0.4900. Take profit around $0.4800-$0.4700 and maintain a stop-loss 0.5%-1.5% above the entry.

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