Technical Analysis for CTK/USDT:🔥💯
Current Price: $0.8633 (+4.29% change)
24h High: $0.9600 | 24h Low: $0.7974
Support Levels: $0.7974, $0.8489
Resistance Levels: $0.9600, $0.9682
Momentum: Bullish (uptrend since breaking above $0.8600)
Trade Signal:
Given the current market structure and momentum, a long position is recommended with three target levels.
Targets 🎯:
1. Target 1: $0.9085 (Resistance near buy depth)
2. Target 2: $0.9600 (Previous 24h High)
3. Target 3: $0.9682 (Sell depth resistance level)
Trade Momentum:
The price has recently bounced off the $0.7974 support level, showing strong upward movement with a positive trend. Consider buying around current levels near $0.8633 with targets mentioned above. Strong bullish momentum can drive price towards resistance targets as long as the market doesn't fall below $0.7974 support.
Stop Loss: Below $0.7974 for risk management.
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