Technical Analysis for $CTK
/USDT:💯🚀
Current Price: $0.8794 (+3.19% in the last 24 hours)
Support Level: $0.8250
Resistance Level: $0.8988
Trade Momentum:
The price is showing positive momentum with a bullish trend based on the recent movement from the low of $0.8250.
Strong Momentum: The price is bouncing off the support level, and the volume in the last 24 hours indicates strong buying pressure.
Trading Signal:
Buy Signal: Enter a buy position near $0.8794 or upon a minor retracement towards $0.8728.
Stop-Loss: Set around $0.8250 to limit the risk if the market turns bearish.
Target Levels:
1. Target 1: $0.8900 – Possible resistance zone, near the 24-hour high.
2. Target 2: $0.8988 – Key resistance level from 24h High.
3. Target 3: $0.9100 – Further upside potential as momentum continues.
This trade shows an overall bullish sentiment in the short to medium term, with a focus on upward price movement.