$CELO
Retests support after breakout.
0.97-0.98 Buy Zone (current price)
TPS-Targets
1.0000
1.0200
1.0400
1.0600
1.0800
1.1000
1.1300
1.1500
1.1800
1.2000
🟢 If #CELO breaks the supply zone, the next target is around the $1.80-$2.20 range, in line with the measured move of this pattern. Such a breakout would confirm a major shift in market sentiment, signaling renewed bullish strength and marking an important milestone for CELO’s recovery.
🟡 On the other hand, if the price fails to break the supply zone, it may retest the support zone at $0.733. If the support zone also fails, this move may trigger a sell-off towards the demand zone at $0.58, reinforcing the bearish sentiment.
🔴 There should be a bounce from the demand zone. However, losing this level will transfer control to the bears for a deeper correction before any potential bounce.