🟢📢 Trading Signal for Celer Network / TetherUS (12h Chart) 🚀
Signal Type: Bullish 📈
Chart Pattern:
• The price has broken out of the down channel, indicating a potential trend reversal from bearish to bullish. 🔄
• The recent breakout suggests a move towards higher highs. 📊
Key Levels:
• Immediate Support: $0.01204 (green shaded area) 📉
• Potential Resistance Levels:
• First Target: $0.01381 🔒
• Second Target: $0.01519 🚀
Technical Indicators:
• RSI (Relative Strength Index): Currently at 61.34, showing increasing buying momentum, but not yet overbought. 📈
• Moving Averages: The price is moving above the moving average, which indicates bullish momentum. 🔄
Trade Setup:
• Entry Point: Enter at the breakout point around $0.01219 after confirming the breakout is sustained. 🎯
• Stop Loss: Set a stop loss below the support area, around $0.01129, to manage downside risk. ⚠️
• Take Profit: Consider taking partial profits at the first target $0.01381 and the rest at $0.01519. 🏆
Risk Management:
• Use appropriate position sizing to mitigate risk, and monitor the trade as it approaches resistance levels. 📉
Disclaimer:DYOR and NFA.
$CELR
{spot}(CELRUSDT)
#Token2049 #BTCReboundsAfterFOMC #FOMC #NeiroOnBinance #BinanceLaunchpoolHMSTR