$CT is the day's standout loser among liquid perps, down 6.5% on $84.6M volume.
Price has printed lower highs all session and sits under the 1H EMA20,
EMA50 and EMA200, so each bounce gets sold. The slide came on
expanding volume with RSI still neutral — no oversold extreme — so this
leg has room to extend. Shorting the retest of the broken shelf beats chasing it down here.
CT — SHORT Setup
Entry: 0.31350 – 0.31800
TP1: 0.30500
TP2: 0.30050
TP3: 0.29500
SL: 0.32200
Setup stays valid while price holds below 0.32200.
Would you wait for the retest near 0.31575, or short a breakdown of the 0.30050 low directly?
Not financial advice. DYOR.
$CT #Altcoins #CryptoTrading
Price has printed lower highs all session and sits under the 1H EMA20,
EMA50 and EMA200, so each bounce gets sold. The slide came on
expanding volume with RSI still neutral — no oversold extreme — so this
leg has room to extend. Shorting the retest of the broken shelf beats chasing it down here.
CT — SHORT Setup
Entry: 0.31350 – 0.31800
TP1: 0.30500
TP2: 0.30050
TP3: 0.29500
SL: 0.32200
Setup stays valid while price holds below 0.32200.
Would you wait for the retest near 0.31575, or short a breakdown of the 0.30050 low directly?
Not financial advice. DYOR.
$CT #Altcoins #CryptoTrading