🔥 $CKB /USDT Short Trade Alert! 🔥
Current Price: $0.006888
Bearish Setup:
Entry Range: $0.006850 - $0.007100
Stop Loss: $0.007250
Profit Targets:
TP1: $0.006700
TP2: $0.006550
TP3: $0.006400
Market Analysis:
$CKB is facing significant resistance between $0.007100 and $0.0072
50, with clear signs of rejection at these levels. The bearish momentum is gaining strength as sellers start to take control around the resistance zones. If the price dips below $0.006850, the downward pressure could intensify, leading the price toward our first profit target at $0.006700 and possibly lower.
Trade Strategy:
For a more favorable entry, it's crucial to wait for a confirmed break below $0.006850. If the price retests this level and gets rejected, it will add more confidence to the short trade setup. The stop-loss is placed at $0.007250 to limit any potential risk.
Risk Management:
Be sure to implement proper position sizing and adhere to the stop-loss strategy to safeguard your trade. Staying disciplined in your risk management will ensure a more successful trading experience.
In summary, the current market structure indicates a promising short setup for $CKB, with several key resistance levels playing a critical role in the price action. Keep an eye on the breakdown of $0.006850 for confirmation and take advantage of this potential downside opportunity.