Today's Position Analysis

$CKB

From the daily level, CKB has formed a small triple top bearish pattern, which means that the supply range of 0.0127-0.0137 has failed to be tested three times in a row at the macro level. The bullish momentum has been completely consumed, and finally it has entered a unilateral decline and broken through the previous demand range of 0.0098-0.0104. It is currently testing the demand range of 0.0084-0.0093. The subsequent market needs to observe the support rebound of the demand range of 0.0084-0.0093. If it can stabilize and support, there will be no possibility of waterfalls in the market. If it falls below this range, the market will fill the FVG (0.0055-0.0084) left in February, and the final support point will be around 0.0055. From the perspective of the RSI relative strength index, it has been constantly testing the bottom position, and the bearish trend is dominant.

From the VPVR chip concentration area indicator, the chips are also concentrated in the range of 0.0084-0.0093, but the chips are relatively few, so the support effect may not be very obvious. The most concentrated area of ​​chips below is around 0.0042, which is also the starting point of the market at the beginning of this year. Therefore, we need to see the support of the 0.0084 range. If it is supported, we can enter the market for a rebound. If it is not supported, we will wait for a break and then enter the trend short position.