$CETUS $CETUS

Cetus/USDT Technical Analysis: Key Action at 0.4246

Cetus/USDT is currently testing a crucial price level at 0.4246, which could set the tone for the next major move. As we approach this key area, traders should pay attention to support, resistance, and possible entry points for potential opportunities.

Support at 0.4246: This price point is acting as a strong support zone. If Cetus holds above 0.4246, it could lead to a bullish rebound, targeting the next resistance around 0.4400 or higher. A solid bounce here, confirmed by increasing volume, would signal buying interest and further upside potential.

Resistance at 0.4246: If Cetus struggles to break above this level, it may indicate significant selling pressure. A rejection at 0.4246 could lead to a bearish move, with possible targets near 0.4100 or lower. Traders should be cautious of a potential reversal if this level fails to break.

Entry Strategy: For a bullish entry, wait for a confirmed breakout above 0.4246, with a stop loss just below this support level. For a bearish entry, consider entering after a price rejection at 0.4246, aiming for potential short opportunities with a stop above the resistance zone.

Keep an eye on market sentiment, volume, and momentum indicators to confirm the strength of the move. As always, employ solid risk management strategies to navigate this dynamic market.

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