analysis #ARKMUSDT | a spot buy opportunity
Let’s take a look at Arkham, the largest on-chain transaction analytics platform. It has recently launched its centralized exchange and continues to expand its ecosystem.
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🪙 Project Overview:
Arkham is one of the most prominent on-chain business intelligence platforms, enabling users to track wallet activity, identify top market participants, and analyze blockchain transactions in real time.
Recently, the project also launched its own central exchange, adding another benefit to the ecosystem and increasing its long-term growth potential.
📅 Weekly timeframe:
After the project saw a 97% correction from its all-time high—like most altcoins—we finally reached a key long-term support zone.
After the drop, the price ranged over the past 21 weeks between 0.0914 and 0.1463.
A breakout above the upper limit of this range could confirm that the entire pattern was an accumulation zone.
🎯 The Long-Buy Strategy and "Spot":
For long positions, smaller timeframes can offer more precise entry opportunities.
For spot investors, an aggressive entry can be considered after the breakout is confirmed above 0.1463.
🛡️ Stop-loss strategy:
A stop-loss can be placed higher, above the break-out candle, at higher risk, provided the break-out candle is strong, shows clear control from the buyers, and successfully absorbs selling pressure.
🔑 Key Support and Resistance Levels:
Supports:
• 0.0914
Resistances:
• 0.1463
📝 Final takeaway
Stay calm, trade wisely, and let’s seize the best opportunities the market offers!
This analysis reflects our opinions and is not financial advice.
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