The recovery from $0.0584 has changed the chart but $0.0636 is where the real test begins.
$CATI Long
$CATI has built a higher low after the sharp sell-off and is now back above the short-term moving averages. The latest candles show buyers stepping in again, but price is sitting right around $0.0625, where the longer-term average and previous structure meet. I’d rather buy a controlled pullback than chase this move, with $0.0636 acting as the first major breakout barrier.
Entry:
$0.0617 – $0.0622
TP1:$0.06548
TP2:$0.06693
TP3:$0.06736
SL:$0.0600
The setup becomes interesting if the $0.0617–$0.0622 area holds and price starts pushing through $0.0636 with follow-through. A loss of $0.0600 would weaken this recovery structure and cancel the long idea. The first target offers roughly 1.5R+ from the entry zone, depending on execution.
Would you wait for the $0.0636 breakout, or look for the pullback entry?
#Write2Earn
$CATI Long
$CATI has built a higher low after the sharp sell-off and is now back above the short-term moving averages. The latest candles show buyers stepping in again, but price is sitting right around $0.0625, where the longer-term average and previous structure meet. I’d rather buy a controlled pullback than chase this move, with $0.0636 acting as the first major breakout barrier.
Entry:
$0.0617 – $0.0622
TP1:$0.06548
TP2:$0.06693
TP3:$0.06736
SL:$0.0600
The setup becomes interesting if the $0.0617–$0.0622 area holds and price starts pushing through $0.0636 with follow-through. A loss of $0.0600 would weaken this recovery structure and cancel the long idea. The first target offers roughly 1.5R+ from the entry zone, depending on execution.
Would you wait for the $0.0636 breakout, or look for the pullback entry?
#Write2Earn
