$CETUS /USDT - Technical Analysis & Trade Signal
Current Price: $0.3831 (up by 11.63% in the last 24 hours)
Technical Overview:
Trend: The price shows a bullish trend with a notable upward momentum (+11.63% in 24h).
Support: $0.3427 (24h Low), $0.3699 (SAR level)
Resistance: $0.3832 (24h High), near $0.3848
Indicators:
SAR (Parabolic SAR): 0.3699, indicating a potential reversal if the price drops below this level.
Momentum: Bullish momentum continues as the price is trending upward, but may face resistance near $0.3848.
Volume: High 24-hour volume (28.92M CETUS) supports the bullish move.
Trade Signal:
Entry: Consider buying around the current price ($0.3831), or on a pullback to the support at $0.3734.
Target Levels:
First Target: $0.3860 (slightly above current resistance, first potential profit-taking point)
Second Target: $0.3920 (extended resistance)
Third Target: $0.4000 (psychological level, significant resistance zone)
Stop Loss:
Place a stop-loss around $0.3699 (SAR level), or just below $0.3427 for safer risk management.
Momentum:
Strong Bullish Momentum is driving the price up. Watch for possible pullbacks for better entry points if you're entering at current levels.
Overall, the trend is positive, but close attention should be paid to resistance and SAR levels for potential reversals.
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