$CTXC
/USDT Technical Analysis and Trade Strategy📊📈
Current Price: $0.5722
24h Change: -42.07% (significant drop)
24h High/Low: $1.0500 / $0.5035
Technical Indicators:
1. Support Levels:
S1: $0.5035 (24h low)
S2: $0.4800 (psychological level)
2. Resistance Levels:
R1: $0.6500 (recent pullback zone)
R2: $0.7500
R3: $1.0500 (24h high)
3. Key Indicators:
Bollinger Bands: Price near the lower band, indicating potential for a rebound.
SAR: Currently above the price, confirming a bearish trend.
Volume: High volume of 144.28M CTXC suggests strong selling pressure.
🎯 Trade Strategy
Trade Setup:
Entry Zone: $0.5100–$0.5300 (buy near support)
Stop Loss: $0.4800 (below key support)
Risk/Reward Ratio: 1:3
Target Keys 🎯:
1. 🎯 Target 1: $0.6500 (Initial resistance)
2. 🎯 Target 2: $0.7500 (Mid-range resistance)
3. 🎯 Target 3: $1.0500 (24h high recovery zone)
Trade Execution Plan:
1. Buy Entry: Place orders between $0.5100–$0.5300.
2. Take Profit:
30% at $0.6500
40% at $0.7500
30% at $1.0500
3. Stop Loss: Exit if the price drops below $0.4800.
Risk Management Tip:
Given the volatility and sharp drop, use cautious position sizing.
Monitor volume and trend reversals for signs of recovery before entering aggressively.
If price sustains above $0.6500, further upside potential exists.