CKBUSDT trading idea

9 Feb

CKBUSDT initially formed a rounding bottom pattern, but price faced strong resistance at the neckline, leading to a significant rejection and the development of a falling wedge structure. Price is now approaching the lower boundary of the wedge, making this a key level to watch for potential reversal.

The reaction at this zone will determine the next major move, with a confirmed breakout of the wedge likely to trigger a retest of the neckline zone around $0.033, potentially reigniting bullish momentum.

Mid and long-term targets are outlined on the chart, with price action within these levels guiding the broader trend outlook. Monitor closely for confirmation.

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Trade aktif

Zone of interest provided still holding firm for the accumulation opportunity.