$CELO USDT BULLISH BREAKOUT ABOVE BOLLINGER BAND — LONG ENTRY SETUP
CELO has surged with strong momentum, breaking decisively above the upper Bollinger Band (UP: 0.3904) on the 15-minute chart. This breakout follows a sharp rally from the previous low of 0.2856, marking a 34% move and signaling a potential continuation of bullish pressure. The candlestick piercing the band with high volume confirms buyer dominance, while the band expansion suggests increasing volatility and trend strength.
The middle Bollinger Band (MID: 0.3393) now acts as dynamic support, and the recent high of 0.4117 sets the stage for further upside. Price action remains elevated above the mean, with no immediate signs of reversal. Traders should monitor for consolidation above the breakout zone before continuation.
LONG ENTRY ZONE: 0.3860–0.3900
TARGET 1: 0.4050
TARGET 2: 0.4180
TARGET 3: 0.4320
STOP LOSS: 0.3720 (below recent breakout base and band midpoint)
Risk Management: Use 2–3% of account size per trade. Adjust position sizing based on volatility and avoid overleveraging during breakout phases.
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