CETUS/USDT 4-Hour Chart Trading Signal Alert:
Price Overview: CETUS is currently trading at $0.3422, experiencing a sharp decline of 8.5% in the last 24 hours. The price recently fell below the 7-period moving average (MA(7): $0.3564) and the 25-period moving average (MA(25): $0.3655), signaling bearish momentum. The 99-period moving average (MA(99): $0.3430) is acting as immediate support, with the current price hovering near this level.
Market Sentiment:
Trend: Short-term downtrend with potential stabilization near current levels.
Resistance Levels:
1. $0.3564 (MA(7))
2. $0.3655 (MA(25))
3. $0.3777 (24h High)
Support Levels:
1. $0.3325 (24h Low)
2. $0.3262 (next key support)
Trade Setup:
Entry Price: Around $0.3420 to $0.3450, confirming stabilization.
Take-Profit Targets:
1. $0.3560
2. $0.3650
3. $0.3770
Stop-Loss: $0.3280 (below the next support level).
Cautionary Note:
Watch for price action around the MA(99) at $0.3430. If CETUS breaks below $0.3325, further downside risk increases. Traders should confirm signs of stability or bullish reversal before entering long positions. Look for volume spikes or a breakout above $0.3560 for added confirmation of a trend reversal.
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