$CETUS Alert 🚨
Observations from the Chart:
Strong Uptrend: The price has risen from a recent low of 0.3455 to a high of 0.4972, reflecting significant buying momentum.
Current Position: At 0.4640, the price is slightly below the recent peak, suggesting potential consolidation after the rapid increase.
Potential Scenarios
Continued Uptrend: If buying momentum remains strong and the price breaks above the recent high (0.4972), the next resistance levels could potentially be around 0.50 or higher.
Retracement: If the price fails to break above the recent high, a pullback to support levels, such as 0.4492 or lower, might be possible.
Suggested Strategy
For traders:
Aggressive Entry: Consider buying if the price shows strong movement above 0.4972 with volume.
Conservative Entry: Wait for a pullback to support levels, then look for a sign of reversal to the upside.
Stop-Loss: Place a stop-loss slightly below recent support levels to minimize risk.
Remember to monitor market news and use risk management, as cryptocurrency markets can be highly volatile.
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