ICT bull
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Bearish
📊 $CTXC /USDT Technical Analysis | Current Price: $0.4317 🔻
Cortex ($CTXC ) has faced heavy selling pressure, dropping -57.56% today and continuing its downtrend. Price action is hovering near key support zones, and a rebound or further breakdown will be crucial for the next move.
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Key Observations 🔍
24h High: $1.0234 – A distant level reflecting the earlier peak before the sharp drop.
24h Low: $0.4260 – Immediate support level to watch.
Trend: CTXC is bearish in the short term, with today’s massive decline leading to oversold conditions.
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Targets to Watch 🎯
1️⃣ Target 1: $0.4500
A short-term bounce may push CTXC toward $0.45, which serves as the first resistance and a test of recovery strength.
2️⃣ Target 2: $0.5000
If buying pressure increases, the next key resistance is $0.50. Reclaiming this level could signal a reversal attempt.
3️⃣ Target 3: $0.6000
A sustained move upward could see CTXC test $0.60, aligning with prior consolidation levels before the decline.
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Technical Outlook 📉
Short-Term Bias: Bearish, with CTXC needing a strong bounce to stabilize.
Support Levels: Watch $0.4260 closely; losing this level could lead to further declines toward $0.40.
Breakout Signal: A move above $0.45 with volume confirmation will be the first sign of a possible recovery.
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Conclusion 💡
CTXC/USDT is oversold after a sharp drop, with upside targets at $0.45, $0.50, and $0.60. Traders should watch for stabilization at $0.4260 to assess potential reversal opportunities.
🚨 Will CTXC bounce back, or will sellers continue their dominance? Stay vigilant!
#Binance #CTXC #TechnicalAnalysis #CryptoSignals #TradingUpdates
Cortex ($CTXC ) has faced heavy selling pressure, dropping -57.56% today and continuing its downtrend. Price action is hovering near key support zones, and a rebound or further breakdown will be crucial for the next move.
---
Key Observations 🔍
24h High: $1.0234 – A distant level reflecting the earlier peak before the sharp drop.
24h Low: $0.4260 – Immediate support level to watch.
Trend: CTXC is bearish in the short term, with today’s massive decline leading to oversold conditions.
---
Targets to Watch 🎯
1️⃣ Target 1: $0.4500
A short-term bounce may push CTXC toward $0.45, which serves as the first resistance and a test of recovery strength.
2️⃣ Target 2: $0.5000
If buying pressure increases, the next key resistance is $0.50. Reclaiming this level could signal a reversal attempt.
3️⃣ Target 3: $0.6000
A sustained move upward could see CTXC test $0.60, aligning with prior consolidation levels before the decline.
---
Technical Outlook 📉
Short-Term Bias: Bearish, with CTXC needing a strong bounce to stabilize.
Support Levels: Watch $0.4260 closely; losing this level could lead to further declines toward $0.40.
Breakout Signal: A move above $0.45 with volume confirmation will be the first sign of a possible recovery.
---
Conclusion 💡
CTXC/USDT is oversold after a sharp drop, with upside targets at $0.45, $0.50, and $0.60. Traders should watch for stabilization at $0.4260 to assess potential reversal opportunities.
🚨 Will CTXC bounce back, or will sellers continue their dominance? Stay vigilant!
#Binance #CTXC #TechnicalAnalysis #CryptoSignals #TradingUpdates
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.