$CTXC (Cortex) trading update:
Current Market Status
Price: $0.4304, showing a 24-hour gain of 11.77%.
Trading Volume: $42.29 million in the past 24 hours.
Market Cap: Approximately $97 million.
Key Levels to Watch
Resistance: The next hurdle is around $0.447, reflecting a potential breakout level if momentum continues.
Support: Immediate support lies near $0.429, where buying interest may strengthen.
Strategy Recommendations
Entry Point: Consider entering positions near $0.430 to $0.435, depending on market conditions.
Take-Profit Targets:
First: $0.443
Second: $0.447
Third: $0.450
Stop-Loss: Set a stop-loss at $0.423 to mitigate risks during high volatility.
Market Performance
Cortex has experienced a 46.55% weekly increase and a 62.89% rise over the past month, indicating a strong bullish trend. Traders are advised to monitor price action closely near resistance levels for signs of a breakout or reversal .
Always conduct thorough research and consider market volatility before making trading decisions.