CTK technical setup update: A falling wedge pattern has formed on the daily chart, signaling potential consolidation before the next move. When price finally breaks above this pattern, the upside target could be quite substantial—we're looking at a 90-95% rally if the breakout holds properly.
For CTK traders watching the daily timeframe, this is worth keeping on the radar. The pattern formation suggests buyers may be accumulating at lower levels, and once resistance breaks, we could see some meaningful momentum. Of course, proper risk management and confirmation of the breakout are essential before any position sizing.
Market structure on CTK/USDT remains interesting here.
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TokenEconomist
· 6h ago
actually, let me break this down—the whole "90-95% rally" thing assumes ceteris paribus conditions that rarely hold in crypto. falling wedges are cool and all, but you're glossing over the key variable here: whether there's actual liquidity to absorb that move without dumping
Reply0
GasBankrupter
· 01-10 14:53
Oh no, are we going bankrupt again this time? 90-95% is too exaggerated, believing it will get you trapped.
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HorizonHunter
· 01-10 14:52
90-95%? Come on, always saying that and then what are the results?
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IntrovertMetaverse
· 01-10 14:47
A 90-95% increase? Just hear it and forget it. By the time it actually happens, I'll have already sold.
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ForumLurker
· 01-10 14:45
90-95%? Let's not speculate yet, we need to see if it can truly break through before saying anything.
CTK technical setup update: A falling wedge pattern has formed on the daily chart, signaling potential consolidation before the next move. When price finally breaks above this pattern, the upside target could be quite substantial—we're looking at a 90-95% rally if the breakout holds properly.
For CTK traders watching the daily timeframe, this is worth keeping on the radar. The pattern formation suggests buyers may be accumulating at lower levels, and once resistance breaks, we could see some meaningful momentum. Of course, proper risk management and confirmation of the breakout are essential before any position sizing.
Market structure on CTK/USDT remains interesting here.