Cobak Token price

$CBK Immediate Support: 0.1755 (24h low) and 0.1677 (recent major local bottom). ​Immediate Resistance: 0.1813 – 0.1888 (The confluence zone of the MA(10) and MA(20) lines). ​Major Resistance: 0.2134 – 0.2200 (The peak of the recent high-volume wick breakdown). ​📈 Trading Setup ​Because the overall trend is heavily bearish, catching a bounce here is risky. The safest play is a tight-stop scalp trading the range between the recent swing low and the moving averages. ​Entry Zone: $0.1690 – $0.1750 ​Rationale: Close to the recent 24h low and local swing support (0.1677) to ensure a high risk-to-reward ratio. ​Take Profit 1 (Conservative): $0.1880 ​Rationale: Just under the MA(20) line, where the price has consistently faced rejection during this downtrend. ​Take Profit 2 (Aggressive): $0.2050 ​Rationale: A target halfway up the recent massive wick, capturing momentum if short-term buying volume spikes again. ​Stop Loss: $0.1640 ​Rationale: Safely below the local bottom of 0.1677. Breaking this level means the downtrend is continuing toward new lows. ​Would you like a look at a shorter timeframe (like the 4H) to check if a short-term reversal pattern is forming, or are you looking to play a breakout if it clears the MA(20)?

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