$CKBU is currently trading around $0.008321 on the 1-Hour chart. The chart indicates a bearish trend, characterized by a series of descending peaks and troughs, with the short-term moving average reinforcing this downward movement.
Key resistance levels to monitor are at $0.008758, $0.008536, $0.009389, and $0.009900. Support levels to watch include $0.008321, $0.008309, $0.008168, and $0.008012.
For a potential trading strategy, consider entering a short position around $0.008536 (the first resistance level). Set a stop-loss at $0.008758 to manage risk if the price reverses. For taking profit, target around $0.008012 (the third support level).
This approach helps in capitalizing on the bearish trend while managing potential downside risk. Follow for more; you’ll earn better with us.
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