$CTXC
/USDT Trade Setup and Trade Signals 🎯
Current Price: $0.5801
24h Change: -40.01%
Range: $0.5518 – $1.0500
Trade Setup
Entry: Watch for a price rebound near $0.5500 to $0.5700 for a potential bounce.
Stop Loss: $0.5400 to limit further downside risk.
Targets 🎯
1. $0.6500 — Immediate short-term target if the price starts recovering.
2. $0.7500 — Next key resistance level.
3. $0.8500 — Extended target with potential for further upside on a stronger recovery.
Strategy:
Volume: The 91.40M CTXC and 68.08M USDT traded indicate strong market participation but note the heavy sell-off.
Depth: The sell-side depth is dominant, so any rebound will need confirmation above $0.6000 to shift momentum.
This setup is based on a potential recovery after a significant drop. Focus on entering on a bounce with a tight stop for risk management. The targets align with previous resistance levels, and the market will need to break key levels for a sustained recovery.