#CKB/USDT — The Final Defense Zone Before a Major Move?

Oct 31

#CKB

The price is moving in a descending channel on the 1-hour timeframe and is expected to break out and continue upwards.

We have a trend to stabilize above the 100-period moving average again.

We have a downtrend on the RSI indicator, which supports an upward move if it breaks above it.

We have a key support zone in green that pushed the price higher at 0.003070.

Entry price: 0.003120
First target: 0.003148
Second target: 0.003250
Third target: 0.003311

For risk management, don't forget stop-loss orders and capital management.

The stop-loss is below the support zone in green.

Upon reaching the first target, take some profits and then change the stop-loss order to an entry order.

For any questions, please comment.

Thank you.

Nov 9

Trade closed: target reached

#CKB
First target: 0.003148 Reached
Second target: 0.003250 Reached
Third target: 0.003311 Reached