$CTXC /USDT Technical Analysis & Trade Signal๐ฅ๐ฅ๐๐๐
Current Price: $0.3208
24h Change: -12.13%
Support Level: $0.3020
Resistance Level: $0.3670
Technical Indicators
SAR (Stop and Reverse): $0.3315 (Bearish as the price is below SAR)
RSI (Relative Strength Index): Oversold zone, indicating a potential reversal.
Volume Analysis: Strong 24h volume of 98.42M CTXC suggests active participation despite the drop.
Trend Momentum: Bearish with slight consolidation hints near $0.3020.
Trade Setup
Entry Price: $0.3150โ$0.3200
Stop Loss: $0.2950 (Below key support)
Target Levels ๐ฏ
1. Target 1: $0.3400 (Short-term resistance, +6%)
2. Target 2: $0.3600 (Medium-term resistance, +12%)
3. Target 3: $0.3700 (24h high retest, +15%)
Trade Momentum:
Bullish Potential: Oversold RSI indicates a likely bounce if the $0.3020 support holds. Breakout above $0.3315 (SAR level) confirms recovery.
Bearish Risk: A drop below $0.3020 could trigger further sell-offs, targeting $0.2800.
Strategy:
Scalpers: Target T1 and exit quickly on weak momentum.
Swing Traders: Hold for T2 or T3, tightening stop losses along the way.
Risk Management: Stick to the stop-loss to avoid further downside exposure.