🚨CTXC / USDT : 4H
🧩Analysis :
• The price is in an uptrend and trading above the 200 EMA. Currently, the price is in a consolidation phase, finding support at a trendline.
• The overall trend of the price is bullish, suggesting a potential continuation of the upward movement. To enter a long position, it would be prudent to wait for the price to bounce back from the support level and break above the $0.424 level.
• Aiming for a +35% return from the entry price, it is important to set a stop loss below the swing low to manage risk.
Buy : $0.424
Target : $0.570
SL : $0.331
