$CETUS

/USDT Technical Analysis and Trade Signals🚀🎯

Current Price: 0.3774

24h High: 0.3817

24h Low: 0.3601

Bollinger Bands (20, 2):

Upper: 0.3797

Middle: 0.3744

Lower: 0.3692

SAR (0.02, 0.2): 0.3668

24h Volume: 32.94M CETUS, 12.21M USDT

Key Indicators:

Bollinger Bands: Price is near the upper band (0.3797), indicating potential resistance. If it breaks above the band, it could signal bullish momentum.

Parabolic SAR (0.02, 0.2): The SAR is at 0.3668, serving as the current support level. A price movement below this would indicate a possible bearish trend reversal.

Price Action: The price is trending higher, showing a positive momentum shift (+4.49% in the last 24 hours).

Momentum:

MACD and RSI (not directly provided but implied): Given the price is nearing the upper Bollinger Band, there could be overbought conditions, suggesting some consolidation or pullback might occur soon unless there’s a breakout. The overall momentum is bullish, but caution is needed as the price is testing resistance.

Trade Signal:

Buy Signal: If the price breaks above 0.3797 (upper Bollinger Band), look for confirmation of a bullish trend continuation.

Sell Signal: If the price drops below 0.3668 (SAR support), consider selling or waiting for a clearer trend reversal.

Target Levels:

1. Target 1: 0.3817 (24h High) – Resistance level, a key area for potential profit-taking or breakout.

2. Target 2: 0.3850 – A slightly higher level, in line with an upward continuation.

3. Target 3: 0.3900 – A potential psychological resistance level where the price might face stronger selling pressure.

Trade Momentum:

Bullish momentum is dominant due to the positive daily price change and proximity to the upper Bollinger Band.

Risk Management: Place a stop-loss just below 0.3668 (SAR level) for protection if the price moves lower, signaling a trend reversal.

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