🚀 $CELO has experienced a significant long liquidation of $4.8K at $0.41, signaling a potential change in trend direction. Watch for a key breakout or reversal!
Key Support Level: $0.38
Key Resistance Level: $0.45
🔍 Market Insight: CELO is currently finding support at $0.38. If it breaks above $0.45, the next target could be around $0.50. However, failure to hold the $0.38 support could see a drop to $0.35, especially if market sentiment weakens.
Recommendation:
Buy Entry: Consider entering near $0.39 or wait for a confirmation above $0.45.
Sell Entry: Exit near $0.45 or if the price fails to break through resistance.
📊 Tip 1: Monitor the RSI for overbought conditions when approaching resistance.
📊 Tip 2: Track the broader crypto market sentiment for better timing on your trades.
📊 Tip 3: Set stop-loss orders to minimize risk if $CELO falls below $0.38.
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