$CT After a sharp surge, it’s pulled back nearly 20%! 0.36 is the key level—can the bulls hold on?
Guys, CT really got us excited first, then brought us back down to earth.
It had been struggling in the 0.28–0.32 range, then suddenly surged on heavy volume on October 15, reaching a high of 0.435. Unfortunately, it couldn’t keep climbing after that spike and has now fallen back to around 0.362. The earlier strength has clearly faded.
Looking at the chart, trading volume surged during the rally, but has gradually tapered off since, suggesting the market is digesting its earlier gains. The short-term moving averages have been broken, and the white line is starting to turn downward as well. The bulls have temporarily lost some momentum. Whether the price can stabilize will depend on whether buyers step in at the support below.
As for trading, if you’re already in profit, don’t just sit around dreaming of new highs—consider protecting your gains in stages. If you haven’t entered yet, don’t rush to buy the dip. Wait for signs that the decline has stopped, or for a high-volume move back above key resistance, before considering an entry.
A surge can get you carried away overnight, but a pullback can bring you back to your senses in an instant. The most important thing for CT now isn’t to surge again right away, but to prove it can stop falling first. #拉脱维亚议会通过加密货币税法 #中国三季度经济增速加快至4.5% Detailed trading ideas will be shared in the chatroom.
Guys, CT really got us excited first, then brought us back down to earth.
It had been struggling in the 0.28–0.32 range, then suddenly surged on heavy volume on October 15, reaching a high of 0.435. Unfortunately, it couldn’t keep climbing after that spike and has now fallen back to around 0.362. The earlier strength has clearly faded.
Looking at the chart, trading volume surged during the rally, but has gradually tapered off since, suggesting the market is digesting its earlier gains. The short-term moving averages have been broken, and the white line is starting to turn downward as well. The bulls have temporarily lost some momentum. Whether the price can stabilize will depend on whether buyers step in at the support below.
As for trading, if you’re already in profit, don’t just sit around dreaming of new highs—consider protecting your gains in stages. If you haven’t entered yet, don’t rush to buy the dip. Wait for signs that the decline has stopped, or for a high-volume move back above key resistance, before considering an entry.
A surge can get you carried away overnight, but a pullback can bring you back to your senses in an instant. The most important thing for CT now isn’t to surge again right away, but to prove it can stop falling first. #拉脱维亚议会通过加密货币税法 #中国三季度经济增速加快至4.5% Detailed trading ideas will be shared in the chatroom.