CTKUSDT bounced off the ascending channel support and brokeout above the falling wedge resistance.
Price retraced and it's testing the trendline support.
Price action is printing an ascending triangle pattern.
Buy entry ⬆️ - breakout above the ascending triangle resistance.
Target 🎯 - resistance levels
Setup invalidation ❌ - breakdown below the ascending...
After hitting the support is in the ascending state and there is a possibility of flag formation. Not yet issued buy position is recommended for high-risk people with a loss limit.
CTKUSDT has been consolidating in a symmetrical triangle pattern since November.
Breakout is imminent.
Possible price actions are indicated on the chart.