$CTK #CTK 🌐 *CTK/USDT Spot Trading Opportunity* 🌐 Launchpool token at decision point - tread carefully*
📊 *Current Stats*
- Price: $0.3661 (-3.02%)
- 24H Range: $0.3553-$0.3864
- Volume: $1.26M (low liquidity)
🔍 *Technical Picture*
- All EMAs acting as resistance (7/25/99-day)
- StochRSI at 5.59 (oversold but weak)
- OBV shows distribution (-2.02M)
- Critical support at $0.3550
🎯 *Trade Plan*
🟢 *Bullish Scenario* (High Risk)
Entry: $0.3580-0.3600
Stop: $0.3520 (below recent low)
Targets:
1) $0.3700 (EMA zone)
2) $0.3860 (24h high)
🔴 *Bearish Scenario* (More Probable)
Wait for: Breakdown below $0.3550
Targets:
1) $0.3500
2) $0.3275
Stop: $0.3620
⚠️ *Key Risks*
1. Thin order books (potential slippage)
2. Launchpool rewards may affect volatility
3. BTC correlation remains high
💡 *Smart Trading Tips*
1. "Use limit orders to avoid slippage"
2. "Start with small position size (<5% portfolio)"
3. "Watch for 4H candle close below $0.3550 for confirmation"
📅 *Ideal Timeframe:* Next 24-48 hours