🚨 CTK/USDT: The Security Token at a Crossroads! What's Next?

Market Outlook: CertiK ($CTK) has shown strong bullish momentum recently, breaking out of a long-term falling wedge pattern with strong volume. This signals a potential trend reversal from bearish to bullish. The price is currently consolidating near a previous resistance-turned-support zone, indicating a healthy retest before a potential continuation upward.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a sustained breakout and candle close ABOVE the resistance level of $0.3650 on a higher timeframe (e.g., 4H or Daily) with significant volume. A retest of this level as support could also present a conservative long entry.

💰Targets: $0.3800, $0.4200, and potentially toward the longer-term target of $0.5200.

🛑Stop Loss: Below the breakout candle's low or below $0.3450, a key support level.

🟥 Short Entry Trigger: Consider a short if the price shows a strong rejection at the $0.3650 resistance and a confirmed breakdown BELOW the key support level of $0.3450 with a closing candle on a higher timeframe.

💰Targets: $0.3200, and potentially lower toward the recent bottom near $0.3000.

🛑Stop Loss: Above the resistance zone at $0.3700.

Your Action Plan:

01 - Wait for Confirmation: The market is at a pivotal point. Patience is crucial to wait for a clear, high-volume signal before committing capital.

02 - Use a Stop-Loss: Given the volatility of CTK, especially during consolidation phases, a stop-loss is not optional. It is essential for protecting your capital.

03 - Manage Your Risk: Do not over-leverage your position. Assess your risk tolerance and size your trades accordingly, especially in the futures market.

📢 What are your thoughts?

Vote: Do you think CTK will find its footing and bounce back, or will the selling pressure resume?

Breakout to Higher Levels 🚀

Rejection and Correction 📉

Comment: Share your analysis below!