$CKB 3x Volume Dump: Liquidity Sweep or the Start of a Bigger Move?
My bias remains bullish on
$CKB #CKBUSDT 1H. The sharp -4.3% move on 3x volume looks more like a liquidity sweep into the 0.001079–0.001086 zone than clean distribution. The 1H structure remains bullish, while daily structure and BTC are still supportive. Taker flow also stayed buyer-led after the spike.
This is still a counter-trend bounce against the bearish weekly structure, so I am not chasing the wick. I want a confirmed reclaim before considering longs.
Entry Zone: 0.001109–0.001119 demand
Alternative Entry: Retest of 0.001144 after a confirmed close above
Confirmation: Bullish engulfing, pin bar, or lower-timeframe MSS
Targets:
TP1: 0.001156
TP2: 0.001163
TP3: 0.001167
TP4: 0.001296
Extended Target: 0.001339
Invalidation: A 1H close below 0.001086 flips the setup bearish, so I would stand down on longs.
The key question now: was that dump a liquidity grab before continuation, or the first warning of a deeper breakdown?
$CKB #CKB #CryptoTrading #Altcoins #Binance