$CTK /USDT: Steady Consolidation – A Breakout on the Horizon
$CTK /USDT is trading at $0.7309, reflecting a 3.70% intraday gain. The price is moving within a consolidation phase, suggesting the potential for an upcoming breakout. Key support is established at $0.7041, while resistance lies at $0.7985. An ideal entry point for this setup would be at $0.7300, allowing for a low-risk position. Profit targets are set at $0.7400 (TP1), $0.7500 (TP2), and $0.7600 (TP3) for gradual gains as momentum builds. To manage risk, set a stop-loss at $0.7150. The RSI at 53 indicates neutral momentum, offering room for a potential upward push. This setup is ideal for traders seeking a low-risk entry with the possibility of capitalizing on a breakout move. Stay alert for volume spikes to confirm directional movement.