$CETUS /USDT Trade Analysis

Market Overview

$CETUS is trading at $0.3488, down by -13.71% in the past 24 hours. The chart indicates a strong bearish trend, with the price breaking below key moving averages. The recent low at $0.3440 is a critical support level, while $0.3667 acts as resistance.

Long Trade Setup

Entry Point: $0.3550 (after confirmation of support holding at $0.3440)

Take Profit (TP):

TP1: $0.3660

TP2: $0.3800

Stop Loss (SL): $0.3400 (below recent low)

Signal: If $CETUS holds above the support at $0.3440, it could initiate a short-term recovery towards the moving averages.

Short Trade Setup

Entry Point: $0.3450 (on a confirmed breakdown below $0.3440)

Take Profit (TP):

TP1: $0.3300

TP2: $0.3150

Stop Loss (SL): $0.3600 (above resistance)

Signal: A breakdown below the critical support level of $0.3440 could lead to continued selling pressure, targeting lower levels.

Key Levels to Monitor

Resistance: $0.3667, $0.3800

Support: $0.3440, $0.3300

Caution: The chart suggests high volatility and strong bearish momentum. Use tight stop-loss levels to minimize risk. Monitor volume closely to confirm breakout or breakdown scenarios. Always trade with caution in volatile markets.#NextMarketMoves #Binance240MUsers #DEXXBreach #PNUTSurge #BTCBreaks93k