$CTSI /USDT - Bullish Momentum 🚀

Support: $0.0639 | Resistance: $0.0984

$CTSI has experienced a significant surge, reaching an intraday high of $0.0984. The price is currently testing key resistance levels, indicating strong bullish momentum. A breakout above this resistance could signal further upward movement.

Fibonacci Levels:

Retracement Status: Approaching 61.8% Fibonacci retracement level.

Price Zones:

Support: $0.0639

Resistance: $0.0984

RSI:

Value: Not specified in the provided data.

Interpretation: An RSI value above 70 would indicate overbought conditions, suggesting a potential pullback. Conversely, an RSI below 30 would indicate oversold conditions, suggesting a potential buying opportunity.

Entry Zones:

Safer: $0.0650 – $0.0700

Rationale: Aligns with recent support levels, offering a more conservative entry point.

Aggressive: $0.0600 – $0.0650

Rationale: Near previous support levels, suitable for traders with higher risk tolerance.

Take-Profit Zones:

TP1: $0.0850

Rationale: Previous resistance level, potential for price rejection.

TP2: $0.0984

Rationale: Current intraday high, potential for further upward movement.

Stop-Loss Ideas:

Conservative: $0.0600

Rationale: Below recent support levels, minimizing risk in case of a bearish reversal.

Tight: $0.0620

Rationale: Just below immediate support, suitable for short-term traders seeking to limit potential losses.