$CKB USDT

UPDATE

#CKB/USDT Bullish trend continuation

This analysis draws two price channels and evaluates support and resistance levels.

Price Channel Analysis:

The previous bearish channel is broken out, and a bullish channel is formed.

The suggested entry point is around 0.015104 USDT.

Entry and Exit Points:

Entry: 0.015104 USDT

Take Profit: 0.021855 USDT (44.65%)

Stop Loss: 0.013772 USDT (8.81%)

R/R Ratio: 5.07

Conclusion:

This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 5.07, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.#CKBUSDT

DYOR

NOT FINANCIAL ADVICE