Short technical analysis and trade signal for CTK/USDT, based on the given data:
Technical Analysis:
Current Price: $0.7337 (up 6.23%)
Trend: Bullish short-term momentum with recent price increase.
Support Levels: $0.7058 (SAR value) and $0.6801 (24h Low).
Resistance Levels: $0.7485 (24h High) and $0.7515 (Depth - Sell).
Trade Signal:
Entry Point: Buy at $0.7337 (current price) or slightly lower near $0.7300.
Target Levels 🎯:
1. Target 1: $0.7485 (24h High) – Short-term resistance.
2. Target 2: $0.7515 (Depth) – Immediate selling pressure.
3. Target 3: $0.76 – Psychological resistance (anticipated breakout).
Trade Momentum:
Bullish: A recent price increase (+6.23%) signals positive momentum.
Stop-Loss: Set around $0.7058 (SAR value) to protect against a downside reversal.
Summary:
The market shows bullish momentum in the short term. Buyers can enter at current levels with targets around $0.7485, $0.7515, and $0.76. A stop-loss around $0.7058 provides a solid risk management level.
This analysis is based on recent data, and market conditions can change quickly. Always conduct further research before executing trades.
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