1. Current market situation
- Last price: $0.19280 (+6.60% for the last period).
- Marking price: $0.19280 (matches the last price, indicating no significant discrepancies).
- Range for 24 hours: $0.17586 (minimum) — $0.19814 (maximum).
- Trading volume:
- 117.52 million CETUS.
- 21.81 million USDT.
2. Technical indicators
- MACD:
- DIF: 0.02383.
- DEA: 0.02346.
- MACD: 0.00037 (positive value but close to zero, indicating weak upward momentum).
- RSI(6): 57.36 (neutral zone, closer to the upper limit, but without overbought conditions).
- Moving averages (MA/EMA): Current price is above the averages, which may indicate an upward trend.
- Support and resistance levels:
- Support: $0.17461 (minimum for 24 hours), $0.17586.
- Resistance: $0.19814 (maximum for 24 hours), $0.21012.
3. Trading plan
- Scenario 1: Buy (Long):
- Condition: If the price holds above $0.19280 and RSI does not exceed 70 (avoiding overbought conditions).
- Target: $0.19814 (test the maximum), then $0.21012.
- Stop-loss: $0.17586 (below the minimum for 24 hours).
- Scenario 2: Sell (Short):
- Condition: If the price drops below $0.17586 and RSI falls below 50.
- Target: $0.17461, then $0.13009.
- Stop-loss: $0.19280 (above the current price).
- Neutral zone: If the price fluctuates in the range of $0.17586–$0.19814, it is better to refrain from trading.
4. Risk management
- Risk per trade: No more than 1-2% of the deposit.
- Risk/Reward ratio: Minimum 1:2 (for example, risk $10 for a potential profit of $20).
- Important: Consider high volatility (the difference between the maximum and minimum over 24 hours is ~12.5%).
5. Additional factors
- Volumes: High trading volume (117.52 million CETUS) confirms activity, but watch for sharp changes.
- Time: The Asian session may be less volatile than the European/American session.
Conclusion
Today's trading plan for CETUS/USDT suggests cautious trades in the direction of the trend (mostly Long if support holds). Use stop-losses and secure profits at key levels. Monitor RSI and MACD for signal confirmation.
#cetus #MarketPullback #CryptoAdoption #SaylorBTCPurchase #BinanceHODLerSTO