CKBUSDT β€” Test Demand Zone: Reversal or Deeper Breakdown?

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CKBUSDT β€” Test Demand Zone: Reversal or Deeper Breakdown?Nervos/TetherGATEIO:CKBUSDTCryptoNuclearπŸ“ Full Analysis The Nervos (CKB/USDT) pair is now trading right inside a critical demand zone at 0.0038 – 0.0046. This area has repeatedly acted as a last line of defense against deeper declines. At this stage, the market is at a decision point: will this zone trigger another accumulation bounce, or will it finally give way to a stronger bearish continuation? --- πŸ”Ž Price Structure & Pattern 1. Macro Trend Since early 2025, CKB has remained in a major downtrend, printing consecutive lower highs and lower lows. Every bullish attempt has been capped around key resistance clusters (yellow dashed lines). 2. Demand Zone (Yellow Box) The 0.0038 – 0.0046 range has served as a strong base support. Historically, buyers have stepped in whenever price dipped into this zone. 3. Key Resistance Levels (Upside Targets) 0.005224 β†’ first minor resistance, key for early confirmation. 0.006118 β†’ short-term target. 0.006797 β†’ stronger psychological barrier. 0.008597 – 0.010109 β†’ mid-term supply zone. 0.011369 – 0.018114 β†’ long-term bullish targets if a major reversal takes place. 4. Key Support Levels (Downside Risks) 0.0038 β†’ bottom of the demand zone. 0.002956 β†’ previous major low. A breakdown below this low could trigger a deeper bearish phase, exposing historical supports seen only on higher timeframes. --- πŸš€ Bullish Scenario Scenario A: Initial Bounce If price holds above 0.0040–0.0044 and forms bullish reversal patterns (engulfing, hammer, or long-tail pinbar) with high volume, buyers may attempt a rebound. Scenario B: Breakout Confirmation A daily close above 0.005224 would shift the short-term structure bullish, paving the way toward 0.006118 – 0.006797. Scenario C: Extended Rally With strong momentum and volume, mid-term targets at 0.008597 – 0.0101 could be tested, which will act as a major test for a long-term reversal. --- ⚠️ Bearish Scenario Scenario A: Breakdown of Demand A daily close below 0.0038 invalidates the demand zone, signaling strong bearish continuation. Scenario B: Downside Targets The first target would be 0.002956 (previous low). A breakdown there could expose deeper historical supports below 0.0025. Scenario C: Bull Trap / False Bounce If price bounces off 0.0044 but fails to break above 0.005224 and reverses downward, it signals distribution and usually leads to an aggressive sell-off. --- πŸ“Š Trading Plan (Example, Not Financial Advice) Aggressive Strategy (Buy the Dip): Entry near 0.0044, stop-loss below 0.0038. Risk: ~14% Target 1: 0.005224 (+17%) Target 2: 0.006118 (+37%) RR Ratio to Target 2 β‰ˆ 2.6 Conservative Strategy (Wait for Breakout): Entry after a daily close >0.005224 with valid retest. Lower risk of false signal. Targets extend toward 0.0068 and 0.0085. Invalidation: All bullish bias is canceled if daily closes