🚨 CTK/INR Traders – Heads Up! 🚨
CTK is caught in a downward spiral, and all signs point to a continued bearish trend. We’re seeing prices hover around ₹54.20, with massive resistance at ₹77.25. If you’re in the game, here’s what you need to know:
💥 Key Levels to Watch:
• Resistance: ₹77.25 – a tough nut to crack!
• Support: ₹50 on the downside, with a possible dip to ₹43.54 if things get rough.
📉 Indicators Flashing Red:
• RSI: Nearing overbought at 75 – a reversal might be on the horizon.
• MACD: Flatlining near zero – no strong momentum in sight.
• Acc/Dist: Sellers are in control – distribution is outweighing accumulation.
🔍 What’s Next?
• Bearish Continuation: If CTK breaks below ₹50, buckle up for a ride down to ₹43.54.
• Reversal? Not likely just yet. Keep an eye on those indicators for any signs of a bullish comeback.
⚠️ Pro Tip: Stay cautious, set your stop-losses, and don’t 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 – let’s navigate this market together! 💬👇
