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CTKUSDT trade ideas

Shentu (CTK): Becoming A Successful Trader —Spot vs LeverageWe have here a growing pair with a repeating pattern. Shentu (CTKUSDT). Notice the "low" back in 2023. When the initial breakout happens in November, there is a small retrace before the start of the bullish wave. Between 13 and 22 November. After this small retrace we see a strong jump, the continuation of the bullish move. We are now in late 2024 and we have a higher low compared to late 2023. The initial bullish breakout is already present on the chart; the same pattern can repeat. There can be a small retrace and then the start of a major jump; the continuation of the bullish move. The 2023 bullish move peaks in May 2024. Notice the waves... There is always some bearish (red) days throughout the growth process. It never moves straight up nor straight down. We can expect the same this time around. This is true all across the market. The pairs tend to fluctuate and create some sort of wavy pattern, there are some exceptions though. Some pairs can produce a very, very strong up-move followed by a strong retrace and then additional growth. While these are different types of advances they both includes periods of down and green and that's the main point of this analysis; patience is key. And thus we see growth and growth does happen but it takes time. Since the market grows a little bit tomorrow, a little bit yesterday and a little bit today, it is impossible to catch a 500% move in a matter of days. The way to catch the strong moves is by spotting the bottom. Spot the bottom, buy low and wait. Now, it is hard to catch a bottom but this is exactly what I am doing for you everyday. Catch the bottom, buy early and wait. This strategy might not be exciting but it is highly profitable. You need an edge for successful trading. Our edge is in the ability to read the charts. Since we can predict a trend reversal several months before it takes place, we can position ourselves before this reversal happens, enjoy profits without the high risk of leveraged trading and without the high level of stress and anxiety that other methods tend to produce. How you trade, how you approach the market and what decisions you make is up to you. I am just sharing one of many available methods, consider it a tool. Some trades can be approached in this way, some others can be done in a more exciting way. Leave the excitement for the Saturday's, the park, sports and politics. Keep a cool mind and stay serene when trading. It will be exciting when you withdraw your profits at the end of the day. It is not exciting to have your position liquidated, it is actually depressing and we don't want to experience this anymore. Join the real experts at Cryptocurrency trading and this is done working with a mindset focused on the long-run. Start working now and think of results and profits only in late 2025. Everything worth having requires effort in this life. Namaste.
Long
by AlanSantana
2
600% move for Shentu (CTK) in 2024?On the above 12 day chart price action has corrected 90% since early 2021. A number of reasons now exist to consider a long position, they include: 1) Price action and RSI resistance breakouts. 2) Trend reversal. March price action printed the first higher high followed by the first higher low in February. 3) Support and resistance. Look left, the blue arrows. This is an important legacy support and resistance area. The previous 12 day candle informs you of the strong demand as price action tested this area. 4) The falling wedge. The breakout has confirmed. The highest and lowest touch points are used to forecast the target area, circa 4.20 Is it possible price action continue to correct? Sure. Is it probable? No. Ww Type: trade Risk: <= 6% Timeframe for long: 10 days Return: 400%
Long
by without_worries
CTK LOOKS BULLISH (1D)We have good bullish confirmations on the chart. (iBOS and CH and broken trigger line) If a pullback occurs on the green level, it is a good opportunity for buy/long positions. The targets are marked on the chart Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
4
CTK - Breakout from the channel - Short Trade#CTK/USDT #Analysis Description --------------------------------------------------------------- + CTK has clearly established a well-defined channel, and currently, the price is breaking downward from this channel. + This signals a bearish trend, offering a potential opportunity for a short trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.8780 Stop Loss: 0.9558 ------------------------------ Target 1: 0.8236 Target 2: 0.7732 Target 3: 0.7342 ------------------------------ Timeframe:4H Capital Risk: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Short
by VectorAlgo
CTK/USDT Ready to Resume its Bullish Momentum? 👀🚀CTK Analysis💎Paradisers, let's turn our attention to #CTKUSDT, where current trends hint at a potential bullish rally emerging from its crucial support zone. 💎An analysis of #Shentu's recent market dynamics reveals an impressive 48% surge from its recent peak and hit a resistance zone. However, the resilience observed at the $0.712 support level suggests a gateway to an upward trajectory. 💎Despite facing challenges in surpassing previous highs, leading to a temporary bearish sentiment, the $0.712 support level holds pivotal importance for #CTK. It stands on the brink of triggering a significant bullish surge with a fresh evaluation. 💎As forward-thinking traders, we always have a Plan B ready. If #CTK sees a further decline from this support, we are prepared for a bullish resurgence starting from the secondary support at $0.64. It's crucial to note, though, that a dip below this threshold could signal the onset of deeper bearish trends. 💎Maintain flexibility in your trading strategies and keep a sharp eye on market movements, Paradisers. Your ParadiseTeam is diligently monitoring, ready to navigate you through these evolving market landscapes.
Long
by MyCryptoParadise_Simon
1