𝐔𝐧𝐥𝐨𝐜𝐤 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐏𝐫𝐨𝐟𝐢𝐭𝐬 𝐰𝐢𝐭𝐡 $CKB /𝐔𝐒𝐃𝐓: 𝐏𝐫𝐨𝐯𝐞𝐧 𝐋𝐨𝐧𝐠 & 𝐒𝐡𝐨𝐫𝐭 𝐓𝐫𝐚𝐝𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐘𝐨𝐮 𝐂𝐚𝐧'𝐭 𝐌𝐢𝐬𝐬
$CKB /USDT is currently showing a strong bullish momentum, with the price consolidating around $0.014488 after a sharp increase. For traders looking to enter a long position, a pullback to the support zone between $0.0140 – $0.0142 offers a potential buying opportunity. If the price holds in this range, traders can target the resistance level at $0.0149 – $0.0150 for profit, while setting a stop loss at $0.0138 to manage risk in case of further downside.
For those considering short trades, if the price approaches the resistance zone near $0.0149 – $0.0150 without sufficient volume or momentum, a reversal could occur. In this scenario, entering a short position with a target around the support zone of $0.0140 – $0.0138 and a stop loss above $0.0152 can offer a balanced risk-reward setup. Monitoring volume and market sentiment will be key in determining the strength of either breakout or reversal.
