$CETUS
/USDT Technical Analysis & Trade Strategy๐ฏ
Current Price: $0.4267
Recent Trend: Bearish (-5.68% in 24h)
Volatility: Moderate (24h High: $0.4555 | 24h Low: $0.4154)
Technical Overview
1. 24h Performance:
5.68% drop in the last 24 hours suggests bearish momentum, with price consolidating closer to the lower range.
2. Depth:
Negative depth pressure near $0.4324, which aligns with the current bearish bias and possible further downside.
3. Key Levels:
Support: $0.4154 (24h low)
Resistance: $0.4555 (24h high)
4. Volume:
24h Volume (CETUS): 21.07M CETUS
24h Volume (USDT): 9.05M USDT
Moderate trading volume, indicating typical market activity.
Trade Strategy
Given the recent bearish trend and proximity to the lower range, the strategy focuses on buying near support levels for a possible short-term rebound.
1. Entry Zone:
Buy near $0.4154-$0.4250: Close to the 24h low and potential support zone.
2. Stop-Loss:
Set stop-loss at $0.41 to protect against further downside.
๐ฏ Target Keys
1. Target 1: $0.4350
Immediate resistance level near a moderate price rebound, offering a 4.3% gain.
2. Target 2: $0.4450
Next resistance level, targeting a 6.5% gain.
3. Target 3: $0.4555
Near the 24h high, providing a 7.5% gain from entry.
Risk Management
Risk-to-Reward Ratio: ~1:2 or better.
Monitor: Watch for a price confirmation of a reversal around the $0.4154 support level.
Confirmation: Look for bullish volume and possible MACD crossover to confirm the upward momentum.