$CKB /USDT pair has recently experienced significant growth, rising by 57.04%. Currently, the price is at $0.013975. This analysis will look at key levels of support and resistance, as well as potential trading strategies.
For resistance, the first level to watch is $0.014305, which is the recent high. If the price pushes higher, the next targets are $0.015000 and $0.015585. On the support side, the first key level is $0.012532, followed by $0.010480 and $0.008707, which was a recent low.
For those considering long trades, entering at the current price of $0.013975 could be beneficial, with targets at $0.014305 and $0.015000. A stop loss should be set at $0.012532. Conversely, for short trades, entering at $0.014305 would allow traders to target $0.012532 and $0.010480, with a stop loss at $0.015000.
Overall, the current upward momentum suggests opportunities for long trades, especially if the price holds above the support levels. However, traders should remain cautious and consider short positions if the price struggles at resistance. Always conduct your own research before making any trading decisions.
$USDC #BinanceLaunchpoolHMSTR #TelegramCEO #USNonFarmPayrollReport #DOGSONBINANCE #CPI_BTC_Watch $USDC