CETUS/USDT Analysis :

Preparing for a Potential Long Setup

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An analysis of the CETUS/USDT 1-hour chart indicates strong bullish momentum. The chart showcases multiple Breaks of Structure (BOS), signaling a solid uptrend, and an ascending triangle pattern that hints at further continuation of this upward movement.

Key Levels to Watch :

- Support Zone : Positioned at $0.3330–$0.3400, where recent consolidation occurred.

- Resistance Zone : Near the Weak High at $0.3450–$0.3500. A confirmed breakout here could trigger significant upward movement.

Indicators Overview :

- RSI : Currently in a higher range, showing bullish momentum but approaching overbought conditions—signaling caution for a potential pullback.

- Moving Averages : The price is supported by a short-term moving average, supporting the bullish trend.

Long Trade Setup :

- Entry Point : Consider entering a long position if the price breaks above the $0.3450 resistance.

- Stop-Loss : Below $0.3330 to mitigate risk.

- Profit Targets :

- First Target : $0.3700

- Second Target : $0.4000

Alternative Scenario :

If a breakout fails and a retracement occurs, monitor the $0.3330–$0.3400 support area for a potential re-entry.

Conclusion & Advice :

Patience is key—wait for a breakout confirmation above $0.3450 before committing. Keep an eye on the RSI for signs of divergence, and adjust your strategy as needed to optimize risk management and profit potential.