technical analysis and trade signal for $CETUS /USDT:
Technical Analysis:
Current Price: $0.3846
Trend: Bullish (based on recent price action and momentum)
Support Level: $0.3302 (24h low)
Resistance Level: $0.3850 (24h high)
Key Indicators:
RSI: Around 60-70, indicating bullish momentum but not overbought yet.
MACD: Positive crossover observed, supporting the upward trend.
Moving Averages:
50 EMA above 200 EMA, confirming the bullish market structure.
Trade Signals:
1. Buy Signal:
Enter at current price or on a slight dip near $0.3800.
Stop Loss (SL): $0.3300 (below 24h low).
Target Levels:
First Target: $0.4000 (Resistance zone)
Second Target: $0.4200 (Psychological resistance and next key level)
Third Target: $0.4400 (Extended bullish target based on current momentum)
2. Momentum:
The price is experiencing upward momentum with strong buying pressure. The CETUS token is in a bullish trend supported by the market sentiment and technical indicators, especially the MACD and moving averages.
Watch for any sharp pullbacks for additional buy opportunities near $0.3800 or $0.3500.
3. Sell Signal:
If the price drops below $0.3300, this could signal a trend reversal or further downside, and you may consider exiting your position or going short (if applicable).
Conclusion:
The market is showing bullish signs, and there is a strong possibility that CETUS could reach the targets at $0.4000, $0.4200, and $0.4400 if the upward momentum holds. However, ensure to monitor any sharp reversals or dips to adjust positions accordingly.