$CTK

USDT BEARISH BREAKDOWN โ€“ PRICE CRASHING BELOW SUPPORT ๐Ÿšจ

$CTKUSDT has plunged sharply on the 1H chart, with a strong bearish candle breaking previous support zones. The current price is 0.2816, down -11.97%, indicating heavy sell-off and increased downside risk.

๐Ÿ”‘ Key Levels:

Support: 0.2808 (24h low, immediate breakdown level)

Resistance: 0.3000 (psychological level), 0.3216 (24h high, major resistance)

๐Ÿ“Š Trade Setup (Short):

Entry Zone: 0.2820 โ€“ 0.2850

Targets (TP):

TP1: 0.2750

TP2: 0.2680

Stop Loss (SL): 0.2920

๐Ÿ“ˆ Market Outlook: Momentum remains strongly bearish as the price continues making lower lows. If it sustains below 0.2808, deeper downside towards 0.2680 is probable. No reversal signals are visible yet.

โš ๏ธ Risk Management: Always place stop loss to protect your capital. Limit your risk exposure to 1-2% per trade to ensure consistent trading discipline in strong trends.

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