$CETUS /USDT TRADE SETUP &ANALYSIS

🟩 Bullish Setup (Short-term Long):

Entry Zone: $0.158–$0.162 (retracement zone)

Target 1: $0.185

Target 2: $0.200

Target 3: $0.240 (major resistance)

Stop-loss: Below $0.140 (or tighter depending on risk)

🧠 Rationale: Breakout from local downtrend and potential reversal from double bottom. Strong green Heikin Ashi candles support bullish continuation. Use trailing stop as price moves.

🟥 Bearish Setup (Short Entry on Rejection):

Entry Zone: $0.198–$0.210 (if tested)

Target 1: $0.160

Target 2: $0.140

Stop-loss: Above $0.220

Recent Price Action: Strong recovery rally from ~$0.12 to ~$0.165

🧠 Price Action Analysis

1. Pattern Recognition:

Head and Shoulders Top (Bearish):

Left Shoulder (L), Head (H), Right Shoulder (H) structure seen.

Breakdown followed by a massive bearish move confirms pattern.

Double Bottom / Reversal Zone:

Price bounced sharply near $0.120, forming a short-term bottom.

Strong bullish momentum followed—possible local trend reversal.

2. Support & Resistance Zones:

$0.120 – Previous bounce zone (strong demand)

$0.140 – Previous horizontal resistance now acting as support

Resistance Levels:

$0.200 – Key psychological level & previous consolidation zone

$0.240 – Major resistance and neckline of H&S

3. Indicators (visual interpretation):

Moving Averages:

50 EMA (red) is currently above price, acting as dynamic resistance.

Price recently broke above a key moving average, showing momentum.

Consecutive strong green candles = strong momentum.

Wickless green candles indicate strength in buyers.

4. Volume & Momentum:

Volume not shown but implied momentum is strong based on rapid move from ~$0.120 to ~$0.165.

Could be short-covering rally or new demand entering after oversold conditions.

🧠 Rationale: Sell at resistance if price approaches previous H&S neckline and shows signs of rejection (e.g., bearish reversal candles or low volume breakouts).

Trade $CETUS