$CKB : After a Sharp Rally, Iâm Watching for a Pullback đ
CKB is trading around 0.0018143 USDT, up 29.10% in 24 hours. The 4H chart shows a strong upward move, but price has started pulling back after getting rejected near the recent high. Iâm watching the 0.00139â0.00145 zone as a potential retest area before considering a short.
đ Entry: 0.00143â0.00146
đ SL: 0.00153
đŻ TP1: 0.00135
đŻ TP2: 0.00125
đŻ TP3: 0.0011713
â± Timeframe: 4H
This zone previously acted as a breakout area, so price could revisit it if selling pressure continues. Iâd wait for a clear rejection on the way down rather than entering blindly; a strong recovery above the entry zone would weaken this bearish idea.
The rally is impressive, but after such a fast move, Iâm more interested in the reaction at key levels than chasing the current price.
Would you wait for the retest or expect CKB to push higher first?
$MAGIC
$GRASS
#TradingSignals
CKB is trading around 0.0018143 USDT, up 29.10% in 24 hours. The 4H chart shows a strong upward move, but price has started pulling back after getting rejected near the recent high. Iâm watching the 0.00139â0.00145 zone as a potential retest area before considering a short.
đ Entry: 0.00143â0.00146
đ SL: 0.00153
đŻ TP1: 0.00135
đŻ TP2: 0.00125
đŻ TP3: 0.0011713
â± Timeframe: 4H
This zone previously acted as a breakout area, so price could revisit it if selling pressure continues. Iâd wait for a clear rejection on the way down rather than entering blindly; a strong recovery above the entry zone would weaken this bearish idea.
The rally is impressive, but after such a fast move, Iâm more interested in the reaction at key levels than chasing the current price.
Would you wait for the retest or expect CKB to push higher first?
$MAGIC
$GRASS
#TradingSignals