$CETUS /USDT is showing a notable increase in momentum on the 15-minute chart, currently trading at 0.4060, up by 24.50%.
The chart indicates bullish strength, supported by an RSI reading at 65.77, which suggests potential for further upward movement but approaching overbought territory. The resistance level to monitor is set at 0.4251, a breakout above which could pave the way for a more extended rally.
Conversely, strong support is observed at 0.3855, serving as a safety net to maintain the bullish trend. An ideal entry for this trade would be within the range of 0.4050 to 0.4100, allowing for positioning before a potential breakout.
Take-profit targets can be strategically placed at 0.4200 (TP1), 0.4300 (TP2), and 0.4400 (TP3) to capture gains as the price moves upward. For risk management, a stop-loss should be set below the support at 0.3800 to mitigate potential downside risk.
This setup offers a balanced approach, leveraging the current momentum while managing risk effectively.
