$CKB USDT – BEARS TAKE CONTROL AS PRICE SLIPS TO SUPPORT ZONE!
$CKBUSDT is currently trading at 0.003779 USDT (+7.11%), after failing to hold above the intraday high of 0.003862 USDT. The chart shows a clear downward move with lower highs and lower lows, indicating selling pressure is dominating near-term price action.
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TRADE SETUP
❌ Short Entry Zone: $0.003780 – $0.003800
🎯 Take Profits:
• TP1: $0.003740
• TP2: $0.003700
• TP3: $0.003650
✅ Stop Loss: $0.003830
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MARKET OUTLOOK
CKB is showing bearish momentum with failed attempts to reclaim resistance zones. If price remains below $0.003800, further declines towards deeper support levels are likely intraday. Bulls need to reclaim $0.003830 to negate this bearish setup.
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RISK MANAGEMENT
Use strict stop losses and controlled lot sizing to avoid getting trapped in sudden reversal spikes during these bearish phases.
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