🚨 $CATI /USDT Alert 🚨 The recent trading activity for CATI/USDT has shown a significant downturn, with a current price of $0.4516, reflecting an 18.57% drop. Despite hitting a high of $0.5550, CATI has slipped to a 24-hour low of $0.4388, signaling caution among traders.
The volume indicators reveal a robust trading session, with a notable spike in selling pressure as indicated by the prolonged red candles on the chart. The MA(5) is trending higher than the MA(10), suggesting some resistance around these levels.
For traders eyeing entry points:
Long Trade: Consider entering above $0.4517 with targets at $0.4800 and $0.5000, maintaining a stop loss near $0.4388.
Short Trade: A strategic entry might be below $0.4388 aiming for dips to $0.4200 and $0.4100 with a stop loss at $0.4517.
