$CTK
CTK
0.2672
+7.61%
/USDT TECHNICAL ANALYSIS: BEARISH PRESSURE EMERGING
$CTK/USDT is showing signs of bearish momentum as price struggles near resistance and fails to sustain upward moves. The recent price structure indicates potential downside, with sellers likely to push the pair toward key support levels. A breakdown below the consolidation zone could trigger further losses.
Trade Setup:
Entry: On confirmation below support zone
Targets (TP): TP1: 0.2480, TP2: 0.2440, TP3: 0.2400
Stop Loss (SL): 0.2560
Risk Management: Maintain a strict 1:3 risk-to-reward ratio and manage position size carefully to minimize losses in volatile conditions.
