$CETUS
/USDT Technical Analysis and Trade Signals 🚀 🎯
1. Trend:
Price is trending upwards, currently testing the Bollinger Bands upper limit (0.3892).
Strong 24h volume supports bullish momentum, but overbought conditions near resistance could cause short-term pullbacks.
2. Key Levels:
Resistance: 0.3890 (24h high) and 0.4000 (psychological barrier).
Support: 0.3580 (Bollinger MB) and 0.3302 (24h low, close to SAR).
3. Indicators:
Bollinger Bands suggest a range of 0.3267–0.3892.
SAR at 0.3358 confirms bullish bias while above this level.
Trade Strategy and Setup
Bullish Scenario (Price breaks above 0.3892):
Entry:
Enter on a confirmed breakout above 0.3892, with strong volume as confirmation.
Targets 🎯:
1. 0.4000 (psychological level and round figure).
2. 0.4150 (short-term extension).
3. 0.4400 (potential mid-term upside).
Stop-Loss: Place at 0.3580 (Bollinger MB).
Bearish Scenario (Price fails to break above 0.3892):
Entry:
Short if the price fails to sustain above 0.3890 and breaks below 0.3580.
Targets 🎯:
1. 0.3450 (midway support).
2. 0.3358 (SAR level).
3. 0.3267 (Bollinger lower band).
Stop-Loss: Place at 0.3900 (above resistance).
Neutral Trade Setup:
Entry:
Accumulate near 0.3580 for a long position if it holds as support.
Targets 🎯:
1. 0.3800 (retracement target).
2. 0.3890 (testing resistance).
3. 0.4000 (breakout level).
Stop-Loss: Place at 0.3300 (below SAR and Bollinger lower band).
Risk-Reward Ratio
Aim for at least a 1:2 risk-to-reward ratio in all setups.
Adjust position sizes based on overall portfolio risk tolerance (e.g., limit to 1-2% of portfolio per trade).