🚨 $CETUS /USDT ALERT: Preparing for a Breakout or Reversal! 🚨
$CETUS has seen a recent uptick, currently trading at 0.3835, up by 5.65% on the day. It’s showing signs of attempting a rebound from recent lows, potentially setting up for a notable move in either direction.
💡 Key Levels to Watch:
• Resistance: 0.4042 – A breakout above this level could pave the way for further gains, with potential upside targets near 0.4500.
• Support: 0.3523 – Holding above this support level will be crucial to maintain bullish momentum. A breakdown below this could lead to a retest of recent lows near 0.3000.
📊 Trade Setups:
• Long Entry: Above 0.4042 | Target: 0.4500 | Stop Loss: 0.3850
• Short Entry: Below 0.3523 | Target: 0.3000 | Stop Loss: 0.3650
Market Insight: The order book shows balanced buy and sell pressure, signaling a potential tug-of-war between bulls and bears. Keep a close eye on volume as a breakout could indicate strong buying interest.