The $CTK /USDT short trade alert is activated, with the current price at 0.4685. The cryptocurrency has been rejected near the 0.50+ resistance zone and is now forming consistent lower highs with red candles, indicating a potential downward trend.
*Short Trade Setup:*
- *Entry Zone:* 0.4720 - 0.4780
- *TP1:* 0.4540
- *TP2:* 0.4380
- *TP3:* 0.4230
- *Stop Loss:* 0.4860
The trade setup is based on the fading momentum and the bearish structure forming on the chart. A bearish engulfing candle on the 15m or 30m near the entry zone would add strong confirmation to the short trade.
*Key Indicators:*
- *Rejection near Resistance:* $CTK was rejected near the 0.50+ resistance zone, indicating a potential reversal.
- *Consistent Lower Highs:* The cryptocurrency is forming consistent lower highs with red candles, suggesting a downward trend.
- *Fading Momentum:* The momentum is fading fast, setting up a potential short entry.
As with any trade, it's essential to monitor the market closely and adjust your strategy accordingly. Cryptocurrency markets can be highly volatile, and prices can fluctuate rapidly.#TrumpBitcoinEmpire #AltcoinBreakout #StrategyBTCPurchase #BTCvsETH #BinanceHODLerC $CTK
