📈 Trade Setup Analysis (CKB/USDT – 1D, Binance)
Pattern / Price Action:
The chart shows a significant bullish breakout from a previous consolidation phase. Price has surged from a low of 0.004872 to a high of 0.005990 (+15.01% in one day), indicating strong buying interest. The close at 0.005602 is well above the moving averages (MA 7: 0.005043, MA 25: 0.005301, MA 99: 0.004576), confirming bullish momentum. Volume SMA 9 (3.4328) suggests sustained interest, though not extremely high.
🎯 Suggested Trade Plan
Entry Zone: Around 0.00560 USDT (near current market price).
Stop-Loss (SL): Set at 0.00485 USDT (just below the day’s low and MA 99 support).
Target Levels (TP):
TP1: 0.00620 USDT (immediate resistance)
TP2: 0.00680 USDT (next psychological level)
TP3: 0.00750 USDT (extended target if bullish trend continues)
⚖️ Risk-to-Reward Ratio (RRR)
Entry: 0.00560
Stop-Loss: 0.00485 → Risk = 0.00075
TP1 (0.00620): Reward = 0.00060 → RRR ≈ 0.8 : 1
TP2 (0.00680): Reward = 0.00120 → RRR ≈ 1.6 : 1
TP3 (0.00750): Reward = 0.00190 → RRR ≈ 2.5 : 1
📊 Probability of Success
Bullish Factors:
Price broke above key MAs with strong intraday momentum.
MA 7 and MA 25 are below the current price, acting as support.
Overall market sentiment is bullish (as seen in other pairs like ETH, XRP, DOGE).
Risks:
The pump may be overextended; profit-taking could cause a pullback.
Volume, though decent, isn’t exceptionally high to guarantee continuation.
👉 Estimated Probability:
60–65% chance of hitting TP1.
~40–45% chance of reaching TP2–TP3.
✅ Summary
This is a bullish breakout trade with entry near 0.00560. Suggested stop-loss at 0.00485 to protect against a false breakout. Targets are set at 0.00620, 0.00680, and 0.00750. The best risk-to-reward is achieved at TP2 and TP3. Trade with caution due to potential volatility.