$CKB /USDT SHORT TRADE SETUP – SELLING PRESSURE AFTER SPIKE 💯 🔥
Current Price: 0.005624
Timeframe: 30-Minute Chart
Market Structure: Price rallied from 0.005348 to 0.005696 but is now showing early signs of a pullback with red candles forming after the high.
ENTRY LEVEL:
Look for short entries between 0.005640 – 0.005660 if price makes a minor bounce.
STOP LOSS:
Place stop loss above 0.005700 to protect against a new breakout.
TARGET POINTS:
TP1: 0.005580
TP2: 0.005530
TP3: 0.005480
TRADE ANALYSIS:
CKB has hit resistance at 0.005696 and is struggling to push higher. The appearance of consecutive red candles suggests sellers are taking control. A drop toward previous support zones is likely if bearish momentum continues. Watch for weak bullish attempts near the entry zone for confirmation before shorting.