$CTK
USDT BEARISH MOMENTUM CONTINUES ā SELL PRESSURE STILL STRONG š»
$CTKUSDT remains under heavy selling pressure on the 1H timeframe, printing consistent lower highs and lower lows as sellers continue to dominate with no strong reversal signals yet.
š Key Levels:
Support: $0.3250 (immediate support), $0.3200 (next major support zone)
Resistance: $0.3400 and $0.3500
Current Price: $0.3323
š Trade Setup (Short Entry):
Entry Zone: $0.3330 ā $0.3380
Take Profits:
TP1: $0.3280
TP2: $0.3250
TP3: $0.3200
Stop Loss: $0.3450 (above minor resistance cluster)
š Short Market Outlook: CTK is in a clear downtrend with strong bearish structure. As long as price remains below $0.3400, further downside towards $0.3200 is expected. Volume remains stable but favors sellers in the current market condition.
ā ļø Risk Management: Always apply strict stop loss to avoid unexpected reversals. Risk only 1-2% per trade and align position sizes with your total capital to maintain account sustainability.
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