according to the website - By CFU
CELO signals a bullish breakout after the reaction from the daily FVG zone
The CELO/USDT pair has formed a bullish setup after a confirmed reaction from the daily fair value gap (FVG) zone. The market structure shows a potential shift as the price starts to retrace key levels after a rapid increase in seller liquidity.
This reaction suggests that institutional demand may have softened the selling pressure, leading to a bounce. Market participants noted a pullback around $0.29, followed by a sustained rise above $0.3041. This movement aligns with the bullish price trend observed after liquidity capture.
In a tweet posted by @CryptoPatel, the analyst identified a breakout setup and marked three target liquidity levels for growth. According to the tweet, a breakout above the $0.3080 level could lead to testing CELO levels of $0.3393, $0.3724, and ultimately $0.4040.
The chart highlights clear buyer liquidity areas above the current price level, creating potential targets for bulls. These areas are typically filled with stop orders, providing the momentum needed for price growth in the event of a breakout.
If CELO crosses the breakout point of the $0.3080 level, the first target will be $0.3393, corresponding to the next liquidity imbalance level. Further pricing may aim for $0.3724, with the final external liquidity level at $0.4040.
Each of these levels marks an area where market makers can target existing orders to maximize efficiency. The chart also notes the completion of the liquidity move below the previous support level, creating conditions for this upward movement.
The change in market structure indicates an increase in bullish momentum
The structural forecast has changed: CELO has formed higher lows and reclaimed small resistance zones. Confirmation of a micro-breakout above $0.3080 could serve as a trigger for a sustainable rally.
Technical data indicates a strong risk-reward opportunity. As long as the price remains above the FVG zone, the continuation of the bullish trend remains likely. This movement is fueled by prior liquidation on the sell side, creating ideal conditions for a reversal.
The volume profile and candlestick patterns indicate active participation from institutional players. At the time of writing, CELO is trading at $0.3041, up 3.08% in the last 24 hours, confirming the developing bullish momentum.
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