$CETUS /USDT Technical Analysis: Key Levels for Reversal Setup
$CETUS /USDT is trading at $0.4259, showing signs of consolidation after a recent downtrend. A potential reversal may be forming with critical levels to monitor.
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Key Levels to Watch:
Entry Zone: $0.42 - $0.43
Targets:
1. $0.44 – Immediate resistance. A breakout above this can indicate bullish recovery.
2. $0.46 – Mid-range target aligning with previous support-turned-resistance.
3. $0.49 – Extended target near the 24-hour high, signaling a strong recovery if volume supports.
Stop Loss: Below $0.41 (to mitigate potential downside risks).
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Market Insights:
Volume: Declining sell pressure suggests a possible accumulation phase.
RSI: Neutral, with room for upward movement if momentum builds.
Outlook: A breakout above $0.44 could trigger a short-term rally toward $0.49. Watch for volume confirmation to validate the move.
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Trading Strategy: Focus on a breakout above resistance levels with a tight stop-loss strategy. Monitor volume closely for trend confirmation.
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