$ARKM textbook bearish divergence playing out on the 4H. Price made a higher high, RSI made a lower high. Distribution done. Drop incoming. 📉


Price rallied into the $0.1500 resistance zone and got immediately rejected. RSI was already rolling over before price peaked. Now we're back at $0.1384 and the structure is breaking down.
Full short setup 👇
🔴 Entry: $0.1384
🎯 TP1: $0.13
🎯 TP2: $0.12
🎯 TP3: $0.111
🛑 SL: $0.15 (above resistance)
Risk is tight above the $0.15 resistance zone. RSI divergence + major resistance rejection + lower highs forming = three reasons not to be long here.
The bulls had their chance. They failed at $0.15. Now it's the bears' turn. 🐻
Not financial advice, always manage your risk.
ARKM-4.11%
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