$CTXC
$CTXC l.
Long-term analysis:
Important support and resistance:
Strong support:
0.5000 USDT: Historical level, represents an opportunity to attract buyers in the long term.
0.3000 USDT: Lower support level if the support is broken.
Strong resistance:
• 0.7000 – 0.7500 USDT: Nearby level if the upward momentum is restored.
• 1.0500 USDT: Upper resistance and recent high.
2. Basic indicators:
• RSI:
• In the long term, the RSI is currently in oversold levels (<span which means that the market may be ready for a gradual rebound.
• MACD:
• Indicates a decline in the downward momentum, and if the two lines move upwards with a positive crossover, this may be a signal for the start of a new upward wave.
• Trading Volume
• Large trading volumes indicate strong interest in the market, which could create a potential bottom in current prices.
Long-term strategy:
Driving (DCA:
• The driving strategy can be applied at support levels:
• Buy at 0.6300 – 0.6000 USDT.
• Increase the purchase at 0.5000 USDT if the price drops further.
• Keep part of the capital to buy at lower levels (such as 0.3000 USDT) in case the decline continues.
(Take Profit):
• First target: 0.7500 USDT (nearby).
• Second target: 1.0500 USDT (recent high).
• Third target: if the resistance at 1.0500, the price may rise towards 1.2000 – 1.5000 USDT in the long term.