$CTK

🔍 Current Market Structure Overview:

✅ BoS + CHoCH: Bullish structure still intact from recent rally.

🟦 Price now retracing into strong demand zone (highlighted aqua region).

🔻 RSI: Oversold at ~28 — early signal for a bounce opportunity.

🔻 Sharp rejection candle forming — potential exhaustion of sellers.

🟢 LONG Bias (More favorable at current setup)
🔹 Why Long:

Price tapped major demand + CHoCH support from May 2.

Bullish market structure remains valid unless $0.405–0.41 breaks down.

RSI is bottoming in the oversold region — favorable for bounce/reversal.

🎯 Long Setup:

Entry: $0.425–$0.415 (demand zone)

SL: Below $0.405 (invalidate BoS + break structure)

TPs:

TP1: $0.445

TP2: $0.460

TP3: $0.480

🔴 When to Consider SHORT:

If $0.405 fails and retests as resistance — expect breakdown toward $0.38

RSI divergence + breakdown would confirm bearish flip.

⚠️ Summary:

✅ LONG BIAS — if $0.415–0.42 holds, this is a prime entry zone for continuation.

❌ Only consider SHORT if structure fails and RSI rebounds without price following.