$CTK 5M | Intraday downtrend, attempting base
Strong rejection from 0.190 area followed by steady lower highs.
Short-term EMAs are still stacked bearish and price remains below the 99 EMA.
Current bounce looks like stabilization, not reversal.
Key levels
Resistance: 0.1833 – 0.1841
Major resistance: 0.1850+
Support: 0.1819
Break level: 0.1814
Trade plan
Short setup (preferred):
Entry: 0.1833 – 0.1840 rejection
SL: above 0.1852
TP: 0.1819 → 0.1814
Long scalp (only if reclaim):
Entry: clean reclaim above 0.1841
SL: below 0.1830
TP: 0.1855 → 0.1868
Right now this is still a fade-the-bounce structure.
Until price reclaims the EMA cluster, sellers keep control.