CTKUSDT trade ideas
accumulation Zone ctk blast is comingWhat Is the Accumulation Area?
The accumulation area on a price and volume chart is characterized by mostly sideways stock price movement, which is seen by investors or technical analysts as indicative of large institutional investors buying, or accumulating, a large number of shares over time.
This can be contrasted with the distribution zone, where institutional investors begin selling their shares. Being able to recognize whether a stock is in the accumulation zone or the distribution zone is helpful to investing success. The goal is to buy in the accumulation area and sell in the distribution area.
CTKUSDT is testing the monthly resistanceThe price is in consolidation phase above the daily support and below the monthly resistance (0.89)
The price got rejections from 0.95$ from the supply zone.
How to approach it?
IF the price is going to have a breakout from the monthly resistance and 4h resistance and retest it as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
CTK - We may see new lowsReasons to take short:
⭐️ BTC bearish
⭐️ Global market is bearish
⭐️ Global trend is bearish
⭐️ Trendline and key level are visible on multiple timeframes
⭐️ 5th touch
⭐️ Volume at top
⭐️ We are in the end of formation
⭐️ Under VWAP
⭐️ 55 ATR
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
CTKUSDT is testing the 0.618 Fibonacci level!The price is creating a descending channel after the rejection from the supply as I told you in my previous idea.
At the moment the price got bounced from the 1.13 Fibonacci Ext and the market is going to retest the previous daily support as new resistance exactly on 0.618 Fibonacci level.
How to approach?
IF the price is going to have a rejection from that area, we could see a new bearish impulse until the monthly support exactly on 1.272 Fibonacci EXT.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
CTK - Road to heaven 🕊☁️- Market is scared
- Mirror level
- Slowly squeezing up
- ATR 37
- Over VWAP
- Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones