🚨 CKB PRICE ALERT : RISK WARNING🚨
Let's break down the latest chart movements of $CKB
CKB’s value is decreasing, and the monthly Volume-At-Height (VAH) is a crucial support level.
📉For the upward trend to persist, it’s essential that the price remains above the monthly VAH.
🐂The overall market activity was overstretched, indicating that a market correction was expected.
🔄A good range for a long-position entry is between $0.27 to $0.30, suitable for a short-term trade.
📈Implementing a stop loss is highly recommended, especially considering the current economic climate.
⚠️The #cpi data released today shows an increase in inflation.
📊If inflation continues and interest rates will remain high, cryptocurrencies and other risk assets would be negatively impacted. 💹