$CELO /USDT SHORT TRADE SIGNAL 🔻
CELO faced strong resistance near the $0.5000 mark and is now showing rejection candles with weakening momentum. Price structure indicates a potential short-term bearish correction as buyers lose steam near overbought levels. A breakdown below $0.4400 could trigger a deeper pullback.
Trade Setup:
Entry: 0.4450 – 0.4500
Target 1: 0.4250
Target 2: 0.4050
Target 3: 0.3850
Stop Loss: 0.4750
Key Resistance: 0.4800 / 0.5000
Key Support: 0.4000 / 0.3800
Market Outlook:
Bearish momentum likely to continue unless CELO breaks back above $0.4750. A clean rejection near resistance supports short entries with tight risk control. Watch for volume confirmation before major breakdown.
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