$CTK

/USDT Technical Analysis & Trade Signal

Current Price: $0.7386 (+1.78%)

Momentum: Bullish (Price rebounded from $0.6901 support, with strong buying pressure near 24h lows).

Key Indicators:

1. RSI: Showing slight overbought signals but stable above 55 (bullish).

2. MACD: Positive crossover, signaling potential upward momentum.

3. Moving Averages: Trading above the 50 EMA; further upside likely if the price breaks resistance levels.

Trade Signal:

Action: BUY (For swing traders looking to capitalize on the upward trend).

Stop Loss: $0.6800 (below the 24h low).

Target 🎯 Levels:

Target 1: $0.7700 (Minor resistance near moving averages).

Target 2: $0.7985 (Yesterday’s 24h high).

Target 3: $0.8500 (Strong psychological and breakout level).

Momentum:

Watch for a potential retest near $0.7300 for added confidence in entries if the current momentum consolidates. Avoid entering trades if price falls below $0.7200, as the trend could weaken.

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