CKBUSDT Crucial Support Test Ahead!

14 giu

Yello, Paradisers! Ready to see where #CKBUSDT is heading? Let’s dive into this critical analysis to stay ahead of the game.

💎 #CKB is currently resting on a key support area. For a confirmed rebound and upward movement, we need to see a bullish candle rejection here. Historically, this support has been strong, sustaining CKB multiple times and preventing further decline. Therefore, there's a high probability that the price will rebound and move back towards our target area.

💎 However, if CKB fails to rebound from the support and breaks down below $0.0135 with a daily close, this would be a bad sign. The price would likely continue downward to the Bullish Order Block (OB) area, where large orders are placed around $0.01.

💎 If CKB reaches the OB area, there's a high probability of a strong rebound and reversal to the upside. However, for the upward movement to continue, the price must reclaim the previous support at $0.0135. If this scenario fails, CKB could fall back to the OB area, which would be a concerning sign.

💎 Bullish invalidation will be confirmed if the daily close candle for CKB is below the OB area. If this happens, the probability of continued bearish movement increases, and the price may dip further.

If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.

MyCryptoParadise
iFeel the success🌴