🚀 CKB: Second Target Reached! What’s Next? 🚀
Hey Guys! $CKB reached the 0.0202 target 🎯 after a powerful surge. The price is sitting around 0.0180 now. Let’s break down where we could go next:
📊 Price Action Overview:
The price hit a high of 0.0202, and we’re now seeing a healthy correction after a steep rally. This retracement could be a chance for the next leg up if key supports hold strong.
🔍 Key Indicators:
MACD remains bullish, with MACD line above the signal line, but momentum is slowing down, which could suggest consolidation or a pullback before the next move 📉.
RSI: The RSI is sitting at 61, which is still in the safe zone. There’s still room for further upside 📈.
Volume: A notable increase in volume is a strong sign of interest from the bulls. However, keep an eye on declining volume during pullbacks.
📝 What’s Next?:
Support Levels: The price is now moving above the 0.0180 level, which corresponds to recent resistance turned support. Below that, the EMA50 at 0.0163 could be the next solid support zone for a potential rebound.
Upside Targets:
TP1: If the bulls regain momentum, we could retest 0.0202 quickly.
TP2: Breaking above 0.0202 opens the door to the next psychological level of 0.0220 🚀.
Stop Loss: Consider setting a stop around 0.0160, just under the 50-hour EMA, to manage downside risk if we lose momentum and break key supports.
⚠️ Risk Consideration:
If the price breaks below the 0.0160 level, we could see a deeper correction to the 0.0150 zone. However, the overall trend remains bullish as long as we stay above the 50-hour EMA.
💭 Final Thoughts:
Patience is key! We may see some sideways action or pullback before the next bullish wave. Watch for confirmation at key support levels before re-entering. Bulls are still in charge, but manage your risk wisely!
How do you feel about CKB’s next move? Are we going to break above 0.0202? Let’s discuss! 💬🧠
#CKB #CryptoTrading #TechnicalAnalysis #BullishOrBearish #CryptoSignals 💹🚀
