$CTK: Bear Trap Brewing? 🐻

Entry Zone: 0.2700 – 0.2750

TP1: 0.2620

TP2: 0.2560

TP3: 0.2480

SL: Above 0.2810

$CTK is facing a wall of sellers near 0.2700 – 0.2780. This resistance has repeatedly rejected price advances, suggesting the recent bounce might be a temporary relief rally. Watch for rejection signals within the 0.2700 – 0.2750 zone to confirm a short bias. A break below 0.2600 could trigger a significant downside move, with liquidity around 0.2560 acting as the next target.

However, a decisive break *above* 0.2780 with volume shifts the outlook. Patience is crucial – don't chase pumps into resistance. 📉

#CTK #CryptoTrading #TechnicalAnalysis #Bearish 📉

CTKUSDT

Prep

0.257

-6.03%