$CELO Here are the details for the CELOUSDT trading signal:
*Entry Points:*
- Consider buying CELO/USDT around $0.23-$0.26, which is considered a good entry zone due to the wedge and YTD demand.
- Alternative entry point: $0.349, with a target of $0.3771, based on daily imbalances and order blocks.
*Stop Loss:*
- Set stop loss below $0.21, with a daily close below this level indicating potential invalidation of the trade.
*Target Prices:*
- *Short-term Targets:*
- $0.3771 (potential target after breakout)
- $0.4544 (2024 breakdown block)
- $0.58 (Q4-24 supply flip)
- *Long-term Targets:*
- $0.6874 (potential target after sustained move)
- $0.7915 (potential target after strong bullish momentum)
*Market Sentiment:*
CELO/USDT is showing signs of potential bullishness, with indicators suggesting a buy signal. The price has formed a descending channel and is expected to break out upwards.¹