Technical Analysis of CELR/USDT
Current Price: $0.02325
Trend: Bearish (1.73% decline in the last 24 hours)
Key Support and Resistance Levels:
Support (Low): $0.02168
Resistance (High): $0.02400
Technical Indicators:
SAR (Stop and Reverse): $0.02271, indicating a bearish signal near current levels.
Moving Averages: Short-term momentum suggests the price is under slight downward pressure.
Trade Momentum:
Momentum: Weak Bearish; the recent price decline and the SAR value suggest a potential for further downward movement.
Volume: Moderate volume indicates consolidation with low volatility at current levels.
Trade Signal and Target Levels:
Entry Point: Around $0.02330 (current price level).
Target Levels:
First Target (T1): $0.02400 (Resistance level).
Second Target (T2): $0.02500 (Breakout above resistance).
Third Target (T3): $0.02600 (Extended move if bullish trend resumes).
Stop Loss:
Place a stop loss just below $0.02168, around $0.02150, to manage risk in case of a further downtrend.
Conclusion:
Short-Term Outlook: Bearish, but with the potential for a rebound towards $0.02400 if buying pressure picks up.
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