$CETUS /USDT Trading Analysis - Bullish Breakout with Momentum

Chart Overview:

CETUS/USDT is trading at $0.3683, up 19.04% in the last 24 hours. The token recently broke past its consolidation phase, reaching a 24-hour high of $0.3741. The chart indicates strong bullish momentum, suggesting further upside potential if resistance levels are cleared.

---

Long Trade Setup:

Entry Zone: $0.3660 - $0.3720

Targets:

Target 1: $0.3800

Target 2: $0.4000

Target 3: $0.4200

Stop Loss: $0.3550 (below recent support)

Analysis for Long Trade:

The breakout above $0.3600 indicates significant buying pressure. If the price sustains above $0.3660, it could rally toward $0.4000 and higher, supported by strong momentum and increasing volume.

---

Short Trade Setup:

Entry Zone: $0.3740 - $0.3800 (if rejection occurs)

Targets:

Target 1: $0.3600

Target 2: $0.3450

Stop Loss: $0.3850 (above resistance to avoid false breakouts)

Analysis for Short Trade:

If CETUS faces resistance near $0.3740 and fails to break above this level, a pullback toward $0.3600 or $0.3450 could follow. Look for rejection patterns and decreasing volume for confirmation.

---

Predictions and Market Behavior:

1. Bullish Scenario: A sustained move above $0.3740 with strong volume could push the price toward $0.4000 or $0.4200.

2. Bearish Scenario: A failure to maintain above $0.3660 may lead to a retracement toward $0.3600 or lower as traders take profits.

---

Key Levels to Watch:

Resistance Levels: $0.3740, $0.3800, $0.4000

Support Levels: $0.3600, $0.3450, $0.3300

---

Risk Management Tip:

Given CETUS's sharp price movements, ensure proper risk management by using tight stop losses and monitoring volume for breakout or breakdown confirmations.

#CetusUSDT #cryptotrading #defi #AltcoinAnalysis #TradingSignals