$CTK (CertiK) is showcasing strong bullish momentum after a clean breakout from its consolidation phase. The pair has not only broken above its descending trendline resistance but also successfully retested it, confirming the shift in market structure. A significant inflow of buying pressure from the demand zone has pushed prices upward, setting the stage for a continuation rally.
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š Trade Setup Overview:
Entry Zone: $0.2737 ā $0.2760
Take Profit 1 (TP1): $0.2845
Take Profit 2 (TP2): $0.2900
Take Profit 3 (TP3): $0.2970
Stop Loss (SL): $0.2720
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š Market Insight:
The breakout is accompanied by an increase in bullish candlestick formations and trading volumeātwo key signals of a sustained trend continuation. The uptrend remains firmly intact as long as CTK maintains price action above the red ascending trendline.
A clear structure of higher highs and higher lows indicates that the bulls are in control. Short-term dips toward the entry zone can provide fresh buying opportunities for traders looking to join the rally.
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š” Pro Tip:
Watch for a potential retest near $0.2745āthis could serve as a low-risk re-entry point before CTK makes its next leg up. With momentum building and resistance levels being tested, early positioning can offer favorable risk-reward ratios.
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š Current Snapshot:
Price: $0.2758
24H Change: +6.03%
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CertiK's (CTK) bullish technical setup combined with strong demand from lower levels is a recipe for a potential breakout rally. Traders should keep an eye on volume and structure, as both favor upward continuation.
Stay sharp and trade smartāthis could be
the breakout wave you've been waiting for! šš„