technical analysis and trade signals for $CETUS /USDT, with three target levels and an analysis of trade momentum:

Technical Analysis for CETUS/USDT

Current Price: $0.3364

24h High: $0.3777

24h Low: $0.3325

Trend Analysis:

The price is currently in a downtrend, having dropped by 8.59% over the last 24 hours.

There was a rejection at the 24h high of $0.3777, suggesting selling pressure at this level.

The low of $0.3325 could act as a support level in the short term.

Support and Resistance:

Support Level 1: $0.3325 (recent low)

Support Level 2: $0.3240 (previous consolidation zone)

Resistance Level 1: $0.3500 (immediate resistance)

Resistance Level 2: $0.3777 (24h high)

Trade Signals:

1. Long Position Signal:

Entry: If the price holds above $0.3325 and shows a bullish reversal pattern (e.g., a hammer candle or bullish engulfing), consider entering a long position.

Target 1: $0.3500 (First resistance level)

Target 2: $0.3600 (Intermediate resistance)

Target 3: $0.3777 (24h high)

Stop Loss: $0.3280 (just below the support level)

2. Short Position Signal:

Entry: If the price breaks below $0.3325 with increasing volume and momentum, consider entering a short position.

Target 1: $0.3240 (Support 2)

Target 2: $0.3100 (next significant support)

Target 3: $0.3000 (major psychological support)

Stop Loss: $0.3500 (just above resistance)

Trade Momentum:

Bullish Momentum: If the price breaks above $0.3500 with strong buying volume, momentum could shift bullish, targeting the higher resistance levels. RSI (Relative Strength Index) should ideally be above 50 for confirmation of bullish momentum.

Bearish Momentum: If the price fails to hold above the $0.3325 support level and shows a breakdown, momentum could turn bearish, especially if the RSI dips below 30.

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