$CETUS /USDT Technical Analysis and Targets
š Current Price: $0.3389 (-7.38%)
š Timeframe: 30m
$CETUS /USDT is experiencing a downward correction after failing to sustain levels near $0.39. The price is approaching its 24-hour low of $0.3347, with further downside pressure likely unless key support levels hold.
---
Targets Identified:
1. Immediate Support: $0.33
This level represents the 24-hour low and a significant support zone. A breakdown here could lead to further losses, so it should be monitored closely.
2. Resistance Level 1: $0.35
A recovery toward $0.35 may face resistance, as this was a previous consolidation zone. Breaking above this level could indicate short-term bullish momentum.
3. Major Resistance: $0.39
The recent swing high at $0.39 is the key resistance level. A move above this would confirm a trend reversal and signal renewed buying interest.
---
Trading Suggestions:
Short-Term: Watch $0.33 for potential entry or breakdown. Set tight stop-losses below $0.32 to minimize risks.
Mid-Term: Partial profits can be considered at $0.35 if the price recovers.
Long-Term: A confirmed breakout above $0.39 may target higher levels, but ensure momentum confirmation before entry.
---
š” Pro Tip: Monitor volume trends at support and resistance levels to confirm price action. Utilize trailing stop-losses to secure profits during potential volatility.
#CryptoTrading #CETUSUSDT #TradingSignals #Binance #TechnicalAnalysis