The $ARK /USDT pair is showing a solid upward trend on the 15-minute chart, currently trading at 0.5144, with a notable 20.75% increase in the last 24 hours.

This momentum has brought it close to the recent high of 0.5260, which acts as a significant resistance level. A break above this resistance could pave the way for further gains, attracting more buyers into the market.

On the support side, the closest level is around 0.4957, providing a fallback point if the price experiences a pullback. For an optimal trade entry, positions could be initiated near 0.5100 to catch any potential upside from the current momentum.Profit targets for this trade could be structured as follows: TP1: 0.5300, TP2: 0.5400, and TP3: 0.5500, allowing for progressive profit-taking as the price advances.

A Stop Loss (SL) around 0.4900 is advisable, strategically placed below the support level to limit downside exposure in case of unexpected reversals.

This setup capitalizes on the recent upward momentum, making it suitable for traders aiming to capture short-term gains. With the RSI trending above 66, ARK appears to be in a bullish zone, but caution is advised to monitor for any signs of overextension.

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