$CETUS

CETUS/USDT Technical Analysis – Key Levels and Strategy

Currently priced at $0.3191, CETUS/USDT is experiencing significant price movement. Let's analyze the support and resistance levels, as well as potential entry strategies for this pair.

Key Levels:

Support Level: $0.3100 – This level has shown consistent support in recent price actions, making it an ideal entry point for potential buys on a retracement.

Resistance Level: $0.3300 – The immediate resistance zone where the price has previously struggled to break through. A breakout above this level could open the door for higher targets.

Entry Strategy:

Buy Zone: Consider entering between $0.3150–$0.3200, ideally after a small pullback near the support level at $0.3100, to capitalize on potential upward momentum.

Stop-Loss: A stop-loss can be placed around $0.3050 to limit downside risk in case the support fails to hold.

Target: If the price successfully breaks above $0.3300, the next resistance could be at $0.3500, offering a strong upside potential.

Indicators:

RSI: Currently at 55, showing neutral market momentum but with room for upward movement.

EMA: The price is above the 50 EMA, supporting a bullish short-term outlook.

Volume: Volume is picking up, signaling increased interest and potential for further price action.

Final Thoughts:

CETUS/USDT is currently testing key support at $0.3100 and resistance at $0.3300. A breakout above resistance could signal further gains toward $0.3500. Keep an eye on these levels for potential entries and exits in the coming days. Happy trading! 🚀📊

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