CTKUSDT Analysis
Current Trend:
CTKUSDT has broken through a strong support zone, signaling a bearish continuation. The breakdown suggests increased selling pressure, with the price likely seeking lower levels.
Remember this is a hedge short - I carry longs in the market.
Key Observations:
Support Breakdown: The previously strong support has turned into a resistance zone, aligning with the bearish structure.
Sell Zone: A potential short-entry opportunity exists near the blue box, which marks the retest area of the broken support (now resistance).
Trading Plan:
Bearish Entry:
Wait for the price to retrace to the blue box zone.
Confirm the setup with bearish price action (e.g., rejection wicks or bearish engulfing candles).
Targets:
Initial target: Next significant support zone below.
Extended target: Trail stops as the price continues downward.
Invalidation:
If the price breaks and closes above the blue box, reassess the setup.
Additional Notes:
Monitor volume; lower volume on retraces and higher volume on declines strengthens the bearish case.
Set stops above the blue box to manage risk effectively.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
Current Trend:
CTKUSDT has broken through a strong support zone, signaling a bearish continuation. The breakdown suggests increased selling pressure, with the price likely seeking lower levels.
Remember this is a hedge short - I carry longs in the market.
Key Observations:
Support Breakdown: The previously strong support has turned into a resistance zone, aligning with the bearish structure.
Sell Zone: A potential short-entry opportunity exists near the blue box, which marks the retest area of the broken support (now resistance).
Trading Plan:
Bearish Entry:
Wait for the price to retrace to the blue box zone.
Confirm the setup with bearish price action (e.g., rejection wicks or bearish engulfing candles).
Targets:
Initial target: Next significant support zone below.
Extended target: Trail stops as the price continues downward.
Invalidation:
If the price breaks and closes above the blue box, reassess the setup.
Additional Notes:
Monitor volume; lower volume on retraces and higher volume on declines strengthens the bearish case.
Set stops above the blue box to manage risk effectively.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
Professional Day Trader
Microstructure Practicioner
t.me/umuttrades
kick.com/umuttrades live everyday.
Microstructure Practicioner
t.me/umuttrades
kick.com/umuttrades live everyday.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professional Day Trader
Microstructure Practicioner
t.me/umuttrades
kick.com/umuttrades live everyday.
Microstructure Practicioner
t.me/umuttrades
kick.com/umuttrades live everyday.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.