$CKB /USDT BEARISH BREAKDOWN IN PLAY — PRESSURE BUILDING BELOW $0.0042!
$CKB is trading at $0.004129 after losing nearly 5% in the last 24H. The price failed to reclaim the $0.004478 resistance and is now consolidating below key EMAs on the 15-minute chart. With volume fading and lower highs forming, bears are tightening their grip.
Trade Setup (SHORT):
Entry: $0.004180 – $0.004250
Target 1: $0.003950
Target 2: $0.003700
Stop Loss: $0.004330
Why Short?
CKB has dropped over 16% in the past week and is showing signs of continued weakness. Price action remains bearish with no significant buying interest near the lower support levels. If $0.00400 breaks, a swift move down toward $0.00370 is likely.
Risk Management Tip:
Use tight SL and manage position size — this is a breakdown zone, but price may retest $0.0043 before the drop. Stick to the plan.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!