๐จ CTK/INR Traders โ Heads Up! ๐จ
CTK is caught in a downward spiral, and all signs point to a continued bearish trend. Weโre seeing prices hover around โน54.20, with massive resistance at โน77.25. If youโre in the game, hereโs what you need to know:
๐ฅ Key Levels to Watch:
โข Resistance: โน77.25 โ a tough nut to crack!
โข Support: โน50 on the downside, with a possible dip to โน43.54 if things get rough.
๐ Indicators Flashing Red:
โข RSI: Nearing overbought at 75 โ a reversal might be on the horizon.
โข MACD: Flatlining near zero โ no strong momentum in sight.
โข Acc/Dist: Sellers are in control โ distribution is outweighing accumulation.
๐ Whatโs Next?
โข Bearish Continuation: If CTK breaks below โน50, buckle up for a ride down to โน43.54.
โข Reversal? Not likely just yet. Keep an eye on those indicators for any signs of a bullish comeback.
โ ๏ธ Pro Tip: Stay cautious, set your stop-losses, and donโt get caught off guard by a sudden move. The market is always unpredictable, but with the right strategy, you can stay ahead of the curve!
Hit me up with your thoughts or questions โ letโs navigate this market together! ๐ฌ๐