Trading signal alert for $CTXC /USDT

CTXC/USDT (4H) - Potential #Bearish Continuation

Overview:

CTXC/USDT has been experiencing a downward trend on the 4-hour chart, with the price currently trading at $0.3222. The Relative Strength Index (RSI) value of 27.1511 indicates oversold conditions, suggesting that the price might be due for a correction or bounce. However, the overall bearish sentiment remains strong.

Entry:

* Short Entry: Consider a short position at the current price of $0.3222.

Targets:

* Target 1: $0.3020 (24-hour low)

* Target 2: $0.2646 (support level)

* Target 3: $0.2000 (psychological level)

Stop Loss:

* Stop Loss: Place a stop loss above the recent high of $0.3670 to protect against a potential bullish reversal.

Caution:

* Traders should exercise caution as the market is currently volatile.

* Monitor the price action closely for any signs of stability or potential breakout signals.

Hashtags:

#CTXC #USDT #CryptoTrading #TechnicalAnalysis #Binance