Price: 0.513 | EMA7: 0.53 | EMA25: 0.54 | RSI14: 44.04 | Resistance: 0.712 | Support: 0.429 | Average Volume: 18352173.5 | Volume Trend: Decreasing
Based on the 1-day chart of ARKMUSDT:
1. Short Entry: Considering the bearish trend and decreasing volume, a short entry could be considered at the EMA7 crossover (around 0.530). This is the first sign of selling pressure. Stop loss could be placed at the high of the day (around 0.532).
Alternative option is to short at the first touch of the RSI at 50 (around 0.529).
2. Long Entry: The price is close to the support level 0.513, but due to the decreasing volume, the strength of the bounce is uncertain. A long entry could be considered at the EMA25 (around 0.544), but it would require a confirmed candle close above EMA7 and volume increase to increase the confidence of a sustainable uptrend.