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$#CELO / #USDT Could #CELO breakout the daily resistance area ??
$CELO has notably captured the market's attention, particularly as it confronts a significant daily resistance area. Historically, this resistance has proven to be a formidable barrier for #CELO typically resulting in hard rejections upon each attempt to surpass it. A successful breach of this resistance could signal a notable upward trajectory for CELO probability with the next goal being the Bearish OB target.
However, should $CELO struggle to surpass this resistance, finding itself in a consolidation phase at this level for a few days, it risks another rejection. This scenario could lead to a reversal in CELO's trajectory, sending it back toward the demand area.
The demand zone holds crucial importance as it represents the final line of support for #CELO's bullish trend. Failure to rebound upon reaching this zone and sustain levels above it could lead to a downward shift. If $CELO breaks below this key support level, it could move towards a stronger support area, indicating a potential bearish turn for CELO.
$CELO has notably captured the market's attention, particularly as it confronts a significant daily resistance area. Historically, this resistance has proven to be a formidable barrier for #CELO typically resulting in hard rejections upon each attempt to surpass it. A successful breach of this resistance could signal a notable upward trajectory for CELO probability with the next goal being the Bearish OB target.
However, should $CELO struggle to surpass this resistance, finding itself in a consolidation phase at this level for a few days, it risks another rejection. This scenario could lead to a reversal in CELO's trajectory, sending it back toward the demand area.
The demand zone holds crucial importance as it represents the final line of support for #CELO's bullish trend. Failure to rebound upon reaching this zone and sustain levels above it could lead to a downward shift. If $CELO breaks below this key support level, it could move towards a stronger support area, indicating a potential bearish turn for CELO.
