🚀 Trade Alert: $CTK – Falling Wedge Breakout in Progress
$CTK is trading around $0.49, up ~17% today, and recently broke out of a falling wedge pattern on the daily chart—classic bullish reversal backed by heavy volume
🔹 Support Zone: $0.45–$0.47 (prior resistance turned support)
🔹 Resistance Levels:
• Near-term: $0.61 (wedge target)
• Next key: $0.70+ (cycle highs)
📈 Technical Insight:
Moving averages and oscillators on TradingView rate CTK as a strong buy
RSI (14) sits in bullish territory (~66) with momentum tending upward
🛠 Trade Strategy:
• Buy Zone: $0.47–$0.48 on dip toward support
• Stop-loss: Below $0.45
• Target 1: $0.61
• Target 2: $0.70–$0.75 on follow-through breakout
⚠️ Risk Warning: A rejection and drop below $0.45 could test $0.42–$0.44
🔑 Tip: Confirm entry with a bounce off support and a green 4H candle on higher volume
