$CETUS $CETUS $CETUS

CETUS/USDT 15-Minute Chart Analysis - A Rapid Climb and Cooling Off

In the last trading period, CETUS/USDT experienced a notable surge, peaking at $0.3968 before encountering resistance and pulling back to $0.3668. This rapid ascent from a low of $0.3000 highlights a bullish breakout that attracted significant volume as shown in the bar chart.

Key Levels to Watch:

Resistance: The recent peak at $0.3968 marks a potential resistance level. A breakout above this could signal further bullish momentum.

Support: The area around $0.3307 - $0.3000 now acts as a crucial support zone. Retesting and holding above these levels would affirm continued upward momentum.

Moving Averages (MA):

The MA (5) and MA (10) are trending closely together, with the shorter moving average starting to potentially flatten or dip. This indicates a cooling period in price action, warranting caution for aggressive entries.

Strategy Considerations:

Bullish Traders: Watch for a break and close above $0.3968 with strong volume to confirm upward momentum. Consider placing stops just below the most recent support.

Bearish or Cautious Traders: A failure to break the recent high coupled with falling volume could indicate a correction phase. Potential entries might align around the $0.3307 level for a more favorable risk-to-reward ratio.

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