Celo ($CELO ) is a cryptocurrency that has recently experienced significant price movements, including a long liquidation of $34,105 at $0.659.

Buy Zone: Analysts suggest considering purchases in the range of $0.75 to $0.77, identifying this as a key support area where the price may stabilize before potentially rising.

Target Levels:

First Target: $0.90

Second Target: $1.00

These targets are based on anticipated resistance levels that, if surpassed, could indicate a continuation of the upward trend.

Stop Loss: To manage risk, it's advisable to set a stop loss at $0.70. This means if the price drops to this level, the position would be closed to prevent further losses.

Market Outlook: CELO is currently in an accumulation phase, with prices consolidating between $0.75 and $0.80. This pattern suggests a potential breakout, especially if trading volumes increase. However, there's a 25% probability of the price falling below $0.70 in the next 30 days, indicating the presence of downside risks.

Trading Recommendations:

Entry Point: $0.75 - $0.77

Take Profit: $0.90 - $1.00

Stop Loss: $0.70

These recommendations are based on technical analysis and market patterns. It's essential to conduct your own research and consider your risk tolerance before making any trading decisions.

This information is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions.*

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