$CTXC
I am currently bearish on $CTXC because the chart shows significant downward momentum after breaking out of a prolonged consolidation phase. This indicates weakness in the price, and further downside seems likely.
Key observations:
Target: My next target for CTXC is 0.2664, while my stop loss remains near 0.5933.
The price has been trading in a range for a long time but has now moved sharply downward, suggesting a bearish continuation.
If the price fails to recover above the resistance at 0.5120, I expect further selling pressure.
#CTXC #CTXCUSDT
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