$CTK /USDT BEARISH BREAKDOWN – SUPPORT FAILING WITH DOWNSIDE MOMENTUM
📉 Current Price: $0.2811
🔻 24H Drop: -11.21%
📊 Volume (24H): 6.34M CTK | $1.90M USDT
📉 24H Range: $0.3183 (High) – $0.2789 (Low)
🔍 MARKET SENTIMENT: BEARISH CONTINUATION
$CTK has broken below multiple support zones and is now entering a low-liquidity danger zone below $0.2800. Sellers are clearly in control, with heavy rejection from the $0.3180 zone and weak buying interest below.
🔑 KEY LEVELS TO WATCH
Resistance Levels:
$0.3000 – Psychological resistance
$0.3200 – Breakdown zone
$0.3400–$0.3600 – Major reversal resistance
Support Zones:
$0.2789 – Local support (24H low)
$0.2600 – Key historical support
$0.2400 – Last-resort support zone
⚠️ TRADE SETUP: SHORT POSITION
🔻 Short Entry: $0.2810–$0.2850
🎯 Targets (TP):
TP1: $0.2680
TP2: $0.2550
TP3: $0.2400
🛑 Stop Loss: $0.3050 (just above breakdown confirmation)
🧠 RISK MANAGEMENT GUIDELINES
Keep risk per trade between 1–2% of capital
Trail your stop-loss if price reaches TP1
Avoid entering on big red candles—wait for small pullbacks or weak bounces
⚠️ SUMMARY: is in a clear bearish structure, forming lower highs and lower lows. A breakdown below $0.2780 could accelerate the selloff toward $0.2600 and below. Bulls need to reclaim $0.3000+ for any relief rally.
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