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ARKM Price Action Breakdown
Looking at the 30-minute timeframe for ARKM/USDT, the bearish setup is pretty clear right now. Price has slipped below multiple exponential moving averages—a textbook sign of weakening momentum.
The RSI isn't painting an optimistic picture either. Lack of momentum confirms what we're seeing on the chart: buyers have stepped back. When an asset falls through its key EMAs and RSI drops, you're basically watching institutional or smart money taking profits.
Short-term traders should watch for support levels. If ARKM bounces, it'll face resistance from those EMAs it just broke below. Break below support and we could see further downside. The setup screams caution for anyone holding positions here.