#CKB Traders are calling to Short CKB. However, currently t | LTT_2024 on Binance Square

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#CKB  Traders are calling to Short CKB. However, currently the buying signals are still very optimistic from the 4 o'clock frame to the W frame. Should we short or hold the current position to wait for the unexpected?

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#CKBCoin #CKB #CKB/USDT 💥CKB Analysis - April 15, 2023: 1. The weekly frame concludes with a Doji candlestick. Nonetheless, the preceding week featured a bullish candle with notable volume, indicating a mere weakening of the current trend rather than a signal for trend reversal. It signifies market hesitancy towards buying. 2. On the daily frame, the market demonstrates a sideways trend with significant volatility (35%). At the onset of the week, prices surged to establish a new peak, while by week's end, they retreated to form a fresh low (albeit higher than the previous one). This suggests short-term investors are reacting to recent adverse news with panic. 3. MACD and RSI indicators indicate increased seller activity, accompanied by a decline in buying power and a surge in selling pressure. The buying zone is concentrated around 0.02, while the selling zone is focused at 0.03. 4. As previously noted, the 0.024 level continues to serve as robust support. Maintaining weekly candlestick closure above this level indicates an ongoing uptrend. 💥Conclusions: 1. CKB remains in an uptrend.Seller presence has intensified, reflecting a market mood characterized by panic and anticipations of price fluctuations. 2. CKB persists in holding the support level of 0.024, currently signaling positively, although further observation is warranted. 💥My Strategy: 1. Decrease buying positions, adopting a stance of observation while awaiting favorable market signals. 2. Execute sales to capitalize on profits from buying positions post-February 19, 2024, and consider repurchasing at lower levels should CKB breach the 0.024 threshold. THIS IS NOT INVESTMENT ADVICE. DYOR

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#CKBCoin #CKB #CKB/USDT 💥Current Technical Analysis of CKB - April 13, 2024: 👉The candlestick for this week displays a Pinbar pattern, indicating significant fluctuation with a range of 35%. 👉Between April 8 and April 10, there was robust buying activity for CKB, driving the price from 0.0263 to 0.0379, marking an increase of nearly 31%. 👉Subsequently, from April 11 to April 12, there was substantial selling pressure on CKB, leading to a decline from 0.0379 to 0.0253, representing a decrease of nearly 33%. 👉As of the current time on April 13, CKB has experienced a notable recovery of 12% from its lowest point at 0.024450. 💥Commentary: 👉Analysis of the prevailing dynamics between buying and selling forces suggests that buying pressure remains dominant. 👉On larger time frames such as D and W, CKB continues to trade above the EMA, forming higher highs and higher lows indicative of an uptrend. However, on smaller time frames, CKB has dipped below the EMA. If these time frames reflect trader sentiment, it implies that long-term traders, institutional investors, and significant market players are still acquiring CKB at lower price levels, while retail traders may be succumbing to panic selling. 💥💥Conclusion: 👉CKB remains in an uptrend. 👉It is advisable to adhere to the trading plan outlined in the April 12 article. 👉Consider selling only if CKB concludes the weekly candle below 0.024. THIS IS NOT INVESTMENT ADVICE. DYOR

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#CKBCoin #CKB 1. The strong support of CKB is currently located at the 0.024 level, which serves as a confluence zone for the 4-hour, 1-day, and 1-week timeframes 2. Currently: - Buy orders are focused in the range of 0.027 to 0.029. - Sell orders are concentrated in the range of 0.03 to 0.04. 3. MY STRATEGY - AVOID SELLING AT LOW PRICES - BUY AND DCA - SELL EVERYTHING WHEN A WEEKLY CANDLE CLOSES BELOW 0.024. 5. THIS IS NOT INVESTMENT ADVICE. DYOR!!!

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#CKBCoin #CKB 💰💰💰Once again, retailers are selling their tokens at low prices. As depicted on the chart, retailers are securing a portion of their modest profits, whereas institutional traders are increasing their accumulation. PS: In the second image, as a market maker, would you consider allowing retailers in positions 1 and 2 to sell out and then halt? Or would you opt to persist, potentially causing them to regret relinquishing their positions? THIS IS NOT INVESTMENT ADVICE. DYOR!!!

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🔥The current US CPI stands at 3.5% this month. Is this indicative of positive or negative trends? $🔥 🚀🚀🚀In anticipation of this month's CPI data release, forecasts predicted a 3.4% increase compared to the prior month's 3.2%. This suggests that professional investors and institutions were collectively expecting a rise in CPI, likely due to the current robust recovery of the US economy. Therefore, the CPI index of 3.5% shouldn't be a cause for concern. In my view, this data will primarily influence the Federal Reserve's deliberations on the timing of potential interest rate adjustments, which could be pushed back to June 2024. 🚀🚀🚀

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