$CKB #Everyone #Binance #Followers
### Chart Analysis for CKBUSDT (1H Timeframe)
#### **Trend Analysis**
- **Current Trend**: The trend is **strongly bullish**, as seen from the steep price increase from **$0.008713** to a high of **$0.013940**. The price has pulled back slightly, but overall, the market remains in a bullish phase.
- The **7-period MA ($0.013090)** is above both the **25-period MA ($0.010432)** and the **99-period MA ($0.009158)**, confirming a solid uptrend.
#### **Key Support and Resistance Levels**
- **Support Levels**:
- $0.013090 (7-period moving average)
- $0.012000 (psychological support and previous consolidation area)
- **Resistance Levels**:
- $0.013940 (recent high, short-term resistance)
- $0.014500 (next potential resistance if the price breaks above the recent high)
#### **Japanese Candlestick Analysis**
- The last candlestick is a large **red candle**, indicating selling pressure after the recent rally. This could signal a short-term correction or consolidation before the next leg up. However, it does not yet signal a full reversal of the bullish trend.
#### **Indicator and Oscillator Analysis**
- **MACD**: The MACD is in the **bullish zone** with a positive crossover, but the histogram is beginning to decline, suggesting that bullish momentum may be weakening in the short term.
- **RSI**: The RSI is at **67.74**, nearing overbought territory but not yet extreme. This suggests the price could still rise, but caution is advised as a reversal or pullback is possible.
#### **Volume Analysis**
- Volume spiked significantly during the price increase, confirming the strength of the breakout. However, the recent red candlestick is accompanied by a drop in volume, indicating that selling pressure might not be as strong as the previous buying momentum.
### **Trading Recommendations**
#### **Long (Buy) Position**
- **Entry (Long)**: Around **$0.013090** (7-period MA), as this area aligns with immediate support and the uptrend may continue from here.
- **Stop-Loss**: Place at **$0.012000**, just below the psychological support level and a previous consolidation zone.
- **Target (Take Profit)**:
- First target: **$0.013940** (recent high)
- Second target: **$0.014500** (next potential resistance if the rally continues)
#### **Short (Sell) Position**
- **Entry (Short)**: Around **$0.013940**, the recent high, if the price fails to break above this level and shows signs of rejection or reversal.
- **Stop-Loss**: Place at **$0.014500**, just above the next resistance to manage risk.
- **Target (Take Profit)**:
- First target: **$0.013090** (7-period MA and support zone)
- Second target: **$0.012000** (key psychological support)
#### **Risk and Duration**
- For both positions, use **3x leverage** for moderate risk exposure. The duration of the trade is **1-2 days**, given the current market volatility and potential for sharp moves.
### **Conclusion**
The overall trend is bullish, but with signs of short-term exhaustion, especially with the large red candle and slightly declining volume. A pullback or consolidation is likely, and buying at the support level offers a safer entry point for long trades. If the price shows rejection near the recent high, a short position could be considered.
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### **Trading recommendation**: đ
Open a **long position** at **$0.013090**, with a **stop-loss at $0.012000** and a **take-profit at $0.013940** (short-term) and **$0.014500** (extended target). For short positions, wait for a rejection around **$0.013940** for entry.