Most traders are ignoring $ARKM now due to the recent bleeding, but they are missing the change in structure.

We drew a large green engulfing candle on the daily chart and regained the 0.12 level.
If you look at the recent price movement, we found a strong bottom around 0.10, and this rebound has real weight behind it.
Volume stands at 4.36 million USDT, which is not large compared to the peaks, but enough to show that sellers have finally exhausted.
The immediate obstacle is the 0.128 area.
We saw some strong rejection of the shadows there during the past week.
If we can turn that into support, we are heading straight toward 0.14 or even the local high at 0.15.
The order book looks healthy with 63% on the buy side.
It seems that smart money has started accumulating again before the next phase of the rise.
I am holding my position and watching the 0.115 level as a new line in the sand.
If we stay above that, the trend is our friend.
#BitcoinSpotVolumeNewLow