CETUS/USDT - Technical Analysis and Trade Signal
Current Price: $0.3661 (+10.87% in 24h)
Technical Indicators:
Support Level: $0.3145 (24h low)
Resistance Level: $0.3662 (24h high)
SAR (Stop and Reverse): 0.3536
Trend: Bullish (up 10.87% in the last 24 hours)
Trade Momentum:
The market shows a strong bullish momentum, driven by recent price gains and a positive market sentiment. The price is holding above the key SAR level, suggesting that the current uptrend may continue. However, caution is advised near resistance levels.
Trade Signal:
Buy Signal: Enter long position above $0.3662 (breakout above resistance).
Stop-Loss: Set stop-loss around $0.3536 (SAR level or previous support).
Target Levels:
1. Target 1: $0.3800
2. Target 2: $0.4000
3. Target 3: $0.4200
Conclusion:
The trade setup indicates a bullish trend with a strong momentum. A breakout above $0.3662 would confirm continued upward movement with targets at $0.3800, $0.4000, and $0.4200. A stop-loss near $0.3536 ensures risk is minimized if the trend reverses.
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