📈 CTK/USDT (1H) – Potential Bullish Reversal Setup

Exchange: Binance – Perpetual Contract

Current Price: $0.3661

Volume: 215.91K

Change: +0.27%

❗Signal Type: Bullish Reversal / Scalping Opportunity

CTK has shown signs of downtrend exhaustion after a multi-session drop. The recent candles indicate consolidation and compression near a possible support zone, which could act as a base for a short-term bounce.

🔍 Technical Highlights:

Support Zone: $0.3610–$0.3630

Short-term Resistance: $0.3720, $0.3780

Candle Structure: Small-bodied candles with bottom wicks indicate buyer defense

Volume: Decreasing, a potential sign of selling fatigue

📊 Trade Setup:

🟢 Entry Zone (Long):

Entry at or near $0.3650–$0.3665

Optional: Wait for a breakout above $0.3680 with volume confirmation

🛑 Stop-Loss:

Below $0.3600 (tight risk control under recent wick low)

🟢 Take Profit Targets:

TP1: $0.3720

TP2: $0.3780

TP3 (aggressive): $0.3840 (previous structure high)

📉 Risk/Reward Estimate: 2:1 to 3:1 depending on entry and stop placement

⚠️ Invalidation:

Strong red candle breaking below $0.3600

Failure to reclaim $0.3680 after entry

📌 Pro Tip: A bullish engulfing candle or volume spike above $0.3680 would significantly strengthen the long setup.

Buy and Trade Here $CTK