$CATI

/USDT: Faces a Dip - and Trade Strategy ๐Ÿ“ˆ ๐Ÿ“Š

Current Price: 0.4401 USDT (-12.59% in 24h)

Momentum: Bearish

Trade Strategy

Bullish Setup:

Buy: Around 0.4400

Targets:

๐ŸŽฏ 0.4500 (Short-term resistance)

๐ŸŽฏ 0.4850 (Previous 24h High)

Stop-Loss: Below 0.4200

Bearish Setup:

Short: If price drops below 0.4200

Targets:

๐ŸŽฏ 0.4000

๐ŸŽฏ 0.3800

Stop-Loss: Above 0.4500

Watch Out:

RSI: Check if the RSI enters the oversold zone (<30) for potential reversal signals.

MACD: Watch for bearish crossovers for confirmation of further downside.

Possibility 1: Bullish Reversal

If 0.4400 holds as support, CATI could bounce towards 0.4500 and potentially retest 0.4850.

Possibility 2: Further Decline

A drop below 0.4200 could trigger a continued downtrend towards 0.4000 or 0.3800.

Keep an eye on price action and adapt your strategy accordingly!

#PENGUOpening #BTCNewATH #BTCNewATHAgain #FullMarketBullRun #BinanceAlpha