CTKUSDT 3DConsider buying #CTK for the mid-term. It is moving within an ascending channel and has broken above the MA50 on the 3-day chart, which is a bullish sign. In my opinion, $2 is achievable.
The targets are:
$1.0371
$1.1548
$1.3048
$1.4954
$1.7380
$2.0000
Support levels are $0.7693 and around the MA200.
CTKUSDT trade ideas
CTKUSDT(Shentu) Daily tf Range Updated till 14-06-24CTKUSDT(Shentu) Daily timeframe range. closely if you look at the chart its a high risk and reward Price action. so have to trade carefully. now if it fails at 0.8176 it will lead to 0.6239. but if it defends 0.8176 that will lead to a retrace back.
CTK LOOKS BULLISH (1D)We have good bullish confirmations on the chart. (iBOS and CH and broken trigger line)
If a pullback occurs on the green level, it is a good opportunity for buy/long positions.
The targets are marked on the chart
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CTK - Breakout from the channel - Short Trade#CTK/USDT #Analysis
Description
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+ CTK has clearly established a well-defined channel, and currently, the price is breaking downward from this channel.
+ This signals a bearish trend, offering a potential opportunity for a short trade.
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VectorAlgo Trade Details
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Entry Price: 0.8780
Stop Loss: 0.9558
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Target 1: 0.8236
Target 2: 0.7732
Target 3: 0.7342
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Timeframe:4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
CTK/USDT Ready to Resume its Bullish Momentum? 👀🚀CTK Analysis💎Paradisers, let's turn our attention to #CTKUSDT, where current trends hint at a potential bullish rally emerging from its crucial support zone.
💎An analysis of #Shentu's recent market dynamics reveals an impressive 48% surge from its recent peak and hit a resistance zone. However, the resilience observed at the $0.712 support level suggests a gateway to an upward trajectory.
💎Despite facing challenges in surpassing previous highs, leading to a temporary bearish sentiment, the $0.712 support level holds pivotal importance for #CTK. It stands on the brink of triggering a significant bullish surge with a fresh evaluation.
💎As forward-thinking traders, we always have a Plan B ready. If #CTK sees a further decline from this support, we are prepared for a bullish resurgence starting from the secondary support at $0.64. It's crucial to note, though, that a dip below this threshold could signal the onset of deeper bearish trends.
💎Maintain flexibility in your trading strategies and keep a sharp eye on market movements, Paradisers. Your ParadiseTeam is diligently monitoring, ready to navigate you through these evolving market landscapes.
CTK/USDT Ready for an Upward Momentum | 👀🚀CTK Analysis💎Paradisers, let's focus on #CTKUSDT, as the current trends offer a glimpse of a potential bullish turnaround from its essential support zone.
💎A review of #Shentu's latest market activity reveals a considerable 38% drop from its recent high. Yet, the tenacity shown at the support level of $0.612 suggests a doorway to an upward movement.
💎Despite the hurdles in achieving new highs or surpassing previous landmarks, which has led to a temporary bearish sentiment, the $0.612 level is crucial for #CTK. This point is on the cusp of initiating a substantial bullish wave with a fresh assessment.
💎As forward-looking traders, we're perpetually equipped with a Plan B. If #CTK declines further from this support, we're poised for a bullish comeback starting from the secondary support at $0.578. It's important to acknowledge, however, that a descent below this marker could indicate an onset of more profound bearish trends.
💎Maintain adaptability in your trading strategies and keen vigilance on market trends, Paradisers. Your ParadiseTeam is diligently tracking, ready to guide you through these evolving market conditions.