CTXUSD is exhibiting a classic Cup and Handle formation. The price has successfully achieved a breakout above the setup's neckline and is holding firmly above this level. If there is a pullback towards the neckline area, it would present an excellent buying opportunity.
Alternatively, we can dollar-cost average (DCA) into positions towards the neckline zone, as this area is currently holding as a strong support level. It is crucial to exercise caution and apply appropriate money management strategies when trading this setup.
Alternatively, we can dollar-cost average (DCA) into positions towards the neckline zone, as this area is currently holding as a strong support level. It is crucial to exercise caution and apply appropriate money management strategies when trading this setup.
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📩 Promotion/Partnership: t.me/WESLAD
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.