🟢📢 Trading Signal for Celer Network / TetherUS (12h Chart) 🚀

Signal Type: Bullish 📈

Chart Pattern:

• The price has broken out of the down channel, indicating a potential trend reversal from bearish to bullish. 🔄

• The recent breakout suggests a move towards higher highs. 📊

Key Levels:

• Immediate Support: $0.01204 (green shaded area) 📉

• Potential Resistance Levels:

• First Target: $0.01381 🔒

• Second Target: $0.01519 🚀

Technical Indicators:

• RSI (Relative Strength Index): Currently at 61.34, showing increasing buying momentum, but not yet overbought. 📈

• Moving Averages: The price is moving above the moving average, which indicates bullish momentum. 🔄

Trade Setup:

• Entry Point: Enter at the breakout point around $0.01219 after confirming the breakout is sustained. 🎯

• Stop Loss: Set a stop loss below the support area, around $0.01129, to manage downside risk. ⚠️

• Take Profit: Consider taking partial profits at the first target $0.01381 and the rest at $0.01519. 🏆

Risk Management:

• Use appropriate position sizing to mitigate risk, and monitor the trade as it approaches resistance levels. 📉

Disclaimer:DYOR and NFA.

$CELR

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