CKB is exhibiting consolidation within a narrow range after a recent 2.62% increase over the past day, indicating potential for a breakout. The current trading volume is $69.83M with a Vol/Mkt Cap ratio of 12.21%, suggesting moderate liquidity suitable for scalping strategies. The price action is near a key resistance zone of $0.01288, with support around $0.01197, providing a defined range for scalpers to execute trades. The RSI indicates neutrality, and no strong trend reversal signals are present.
Trading Strategy:
Long Position:
Action: Buy
Entry Range: $0.01230 - $0.01250
SL: $0.01224
TP: $0.01267 - $0.01300
Short Position:
Action: Sell
Entry Range: $0.01280 - $0.01290
SL: $0.01296
TP: $0.01242 - $0.01200
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