Most traders are ignoring $ARKM ‌ right now because of the recent bleed but they’re missing the shift in structure.

We just printed a massive green engulfing candle on the daily and reclaimed the 0.12 level. If you look at the recent price action, we found a really solid floor around 0.10 and this bounce has some actual weight behind it.
The volume is sitting at 4.36M USDT which isn't huge compared to the peaks but it's enough to show the sellers are finally exhausted.
The immediate obstacle is the 0.128 region. We’ve seen some heavy wick rejections there in the past week. If we can flip that into support, we are looking at a straight shot back toward 0.14 or even the 0.15 local top.
The order book is looking healthy with 63% on the bid side. It looks like the smart money is starting to stack back in before the next leg up.
I’m holding my spot and watching that 0.115 level as the new line in the sand. If we stay above that, the trend is our friend.

#BitcoinSpotVolumeNewLow