CKB Gains Lead Cryptocurrency Market After Nearly 100% Gain in Last Three Days

According to Gate.io data, CKB is currently trading at $0.01475, up 6% over 24h. Gate.io’s current CKB perpetual contract funding rate is -0.31%, indicating a slightly stronger short-side, but this situation could also see spot keep rising while the contract is forced short. In terms of market sentiment, the Greed and Panic Index is at 50 today, which is neutral.

Trading Strategies

Short-term trading strategy

Direction: Short
Entry Price: Enter the market when the price breaks the BOLL support price of $0.014018.
Strategy Features: According to the current trend for SHORT, choose to enter short when the price breaks the support level, is conducive to capture the short-term downtrend, the risk is relatively small.
Medium-term trading strategy

Direction: Neutral

Entry Price: Enter when price breaks through BOLL resistance at $0.014734
Strategy Features: Considering the neutral market sentiment, choose to enter the market when the price breaks through the resistance level, you can take profit when the price rises, while maintaining cautious wait-and-see, suitable for medium to long term holding.

Arbitrage trading strategy

Direction: Long and short two-way
Entry price: according to market sentiment and capital rate fluctuations, the flexibility to choose the time to enter the market
Strategy features: The current capital rate is biased towards the long side, you can consider arbitrage trading, according to the market fluctuations and flexible adjustment of long and short positions, to seize the opportunities brought about by price fluctuations.
According to CKB’s market data and technical indicators, you can adopt a variety of strategies such as short-term short trades, medium-term neutral trades and arbitrage trades, and choose the appropriate trading direction and entry timing according to your personal risk appetite and market expectations.