$CELO / USDT – Short Liquidation Creates a Potential Recovery Setup
CELO registered a $1.0688K short liquidation near $0.07909. This suggests that bearish traders were forced to close positions, potentially adding buying pressure. However, a short squeeze does not automatically mean that a sustained bullish trend has begun.
Potential Trade Setup
- Entry zone: $0.0789–$0.0792
- Upside targets: $0.0798 / $0.0806 / $0.0815
- Downside targets: $0.0784 / $0.0778
- Protective stop-loss: Below $0.0783
- Short-term bias: Cautiously bullish if $0.0790 holds
Market outlook: A sustained move above $0.0792 could support a further recovery. If CELO falls below $0.0784, the bullish setup weakens and sellers may regain control. Confirm the move with live volume and market structure before considering an entry.
#FedWatch
#EarningsSeason
#BitcoinCoreIdentifiesThreeVulnerabilities
#CanMicrosoftDeliverOnAI
CELO registered a $1.0688K short liquidation near $0.07909. This suggests that bearish traders were forced to close positions, potentially adding buying pressure. However, a short squeeze does not automatically mean that a sustained bullish trend has begun.
Potential Trade Setup
- Entry zone: $0.0789–$0.0792
- Upside targets: $0.0798 / $0.0806 / $0.0815
- Downside targets: $0.0784 / $0.0778
- Protective stop-loss: Below $0.0783
- Short-term bias: Cautiously bullish if $0.0790 holds
Market outlook: A sustained move above $0.0792 could support a further recovery. If CELO falls below $0.0784, the bullish setup weakens and sellers may regain control. Confirm the move with live volume and market structure before considering an entry.
#FedWatch
#EarningsSeason
#BitcoinCoreIdentifiesThreeVulnerabilities
#CanMicrosoftDeliverOnAI