CTK/BTC (Descending Channel)

💎Technical Analysis Summary💎

BINANCE: CTKBTC

-CTK strong pump during its exchange opening trade
-But shortly after, the price started to fade down
-It is now approaching its swing low support around 5900s sat
-The price is fallowing this descending channel
-The key idea here is to wait for the breakout direction
-And wait for additional follow-through by the Bulls
-The breakout should have a good amount of volume
-Always observe any sign of strength as the price approaches the key level
-Don't blindly input your buy orders because the market is dangerous

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PolarHusk

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