$CKB
Do traders genuinely reckon that CKB’s recent pump is a one-way ticket to riches, or is it just a textbook market-maker trap to offload their bags? Truth is, the on-chain data and metrics are laying it all bare
The dominant bearish setup points to a proper fakeout—the price rocketed up to 0.001911 before getting violently slammed back down to 0.001681. This came as the RSI hit dangerous overbought territory and nudged right up against the upper Bollinger Band
$CKB
Setting up a short trade kicks off from current levels around 0.001681, eyeing a dip down to the heavy support at 0.001380, with a strict stop-loss tucked just above the recent high at 0.001930
The rationale boils down to an old-school market rule: 'Every vertical pump is followed by a brutal correction
That massive volume and sudden surge are basically just a liquidity trap luring in retail traders, right before the whales step in for a savage profit-take
$CKB
#CKB #Market_Update
Do traders genuinely reckon that CKB’s recent pump is a one-way ticket to riches, or is it just a textbook market-maker trap to offload their bags? Truth is, the on-chain data and metrics are laying it all bare
The dominant bearish setup points to a proper fakeout—the price rocketed up to 0.001911 before getting violently slammed back down to 0.001681. This came as the RSI hit dangerous overbought territory and nudged right up against the upper Bollinger Band
$CKB
Setting up a short trade kicks off from current levels around 0.001681, eyeing a dip down to the heavy support at 0.001380, with a strict stop-loss tucked just above the recent high at 0.001930
The rationale boils down to an old-school market rule: 'Every vertical pump is followed by a brutal correction
That massive volume and sudden surge are basically just a liquidity trap luring in retail traders, right before the whales step in for a savage profit-take
$CKB
#CKB #Market_Update