$CKB /USDT – Compression Near Range Highs, Breakout Energy Coiling 🔋📈
$CKB is trading at $0.00613, consolidating above the reclaimed $0.00586 structural support, while compressing just beneath the $0.00628 resistance ceiling.
The chart is forming a bullish ascending triangle, where buyers are gradually absorbing supply at the highs — a textbook precursor to breakout momentum.
📊 Technical Insight: RSI is climbing steadily, volume tapering — a classic signature of volatility compression ahead of expansion.
Momentum traders will be watching the $0.00628 level as the ignition trigger.
Support: $0.00586
Resistance: $0.00628
🚀 Long Trade Setup:
• Entry Zone: $0.00605 – $0.00615
• 🎯 TP1: $0.00628
• 🎯 TP2: $0.00655
• 🎯 TP3: $0.00688
• ❌ Stop Loss: $0.00572
💡 Pro Tip: Wait for a 1H or 4H candle close above $0.00628 with increasing volume to confirm breakout strength.
If price runs early, look for a retest of $0.00628 as support to re-enter with minimized risk and maximal continuation potential.
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