$CETUS /USDT pair has shown significant upward momentum

Technical Analysis Report: CETUS/USDT

Current Price: $0.3618 (+14.02% in 24 hours)

24H High: $0.3700

24H Low: $0.3117

Overview of Price Action:

The CETUS/USDT pair has shown significant upward momentum, as evidenced by a breakout from its prior consolidation zone near the $0.2929 level. The current RSI value is 83.21, indicating overbought conditions, which suggests the potential for a pullback or consolidation before further upward moves.

Key Technical Levels:

Support Levels (Green):

1. $0.3456 (near-term support)

2. $0.3173 (critical support from prior consolidation zone)

Resistance Levels (Yellow):

1. $0.3700 (local resistance)

2. $0.3739 (long-term key resistance zone)

Indicators:

RSI (6): Overbought at 83.21

Price Momentum: Bullish breakout confirmed with increasing volume.

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Trading Signals:

Short-Term Trades (Scalping or Intraday):

Entry Point: $0.3618 (current price)

Take-Profit Targets:

1. $0.3700

2. $0.3735

3. $0.3800

Stop Loss: $0.3450

Caution: Be prepared for price rejection near resistance at $0.3700. Monitor volume for confirmation.

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Long-Term Trades (Swing or Position):

Entry Point: $0.3456 (buy on pullback)

Take-Profit Targets:

1. $0.3739

2. $0.3850

3. $0.4000

Stop Loss: $0.3170

Caution: High RSI suggests overbought conditions; wait for a retest of $0.3456 for a safer entry.

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