$CELO LOUSDT BEARISH REVERSAL – STRONG REJECTION FROM $0.31 HIGH

$CELOUSDT surged to a high of $0.3117 but faced immediate rejection, dropping back to $0.2996. This sharp rejection candle indicates seller dominance at the recent highs, suggesting a potential short-term pullback before any bullish continuation.

🔻 TRADE SETUP (SHORT)

Entry: 0.3000 – 0.3050

Take Profit: 0.2900 – 0.2850

Stop Loss: 0.3120

📊 MARKET OUTLOOK:

The pair is forming a bearish engulfing structure on the 15m chart with strong profit booking from resistance zones. If price stays below $0.3050, further downside towards $0.2900 is expected in the intraday timeframe.

💡 Risk Management:

Always place your SL above the rejection candle high. Risk only 1-2% per trade to preserve long-term capital during quick reversals.

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