Trading Signal Alert for $CETUS /USDT on the 1-Hour Chart
Overview: CETUS/USDT has shown strong upward momentum, gaining +15.97% in the past 24 hours. The price is currently trading at $0.3645, having bounced from a low of $0.3117 to a 24-hour high of $0.3700. The RSI at 73.87 indicates the coin is approaching overbought levels, suggesting traders should monitor for potential corrections or continuation of the uptrend.
Key Levels:
Support: $0.3244 and $0.3032
Resistance: $0.3700 and $0.3800
Trading Plan:
Entry Price: $0.3600 (on a minor pullback or confirmation of stability above $0.3645)
Take-Profit Targets:
Target 1: $0.3700
Target 2: $0.3800
Target 3: $0.4000
Stop Loss: $0.3200 (to minimize downside risk)
Cautionary Note: The price is near a critical resistance level at $0.3700. Watch for a breakout above this level for further gains or signs of consolidation, which may signal short-term exhaustion. Always use proper risk management and adjust positions based on market dynamics.
