$CELO Perp Update: Heavy Sell-Off, Small Bounce Building Under Supertrend 🟡
Celo (CELOUSDT Perp) is trading around $0.07122, down -10.31% in the last 24 hours. The 24h range is $0.06790 to $0.08308, with volume of about $9.04M USDT.
Short-term view (15m chart):
• Price dumped to $0.06790 and is now forming small higher lows around $0.0712
• Supertrend is bearish at $0.07326, acting as overhead resistance
• RSI(6) is at 51.3, recovered from oversold and now neutral
• Resistance: $0.07176, then $0.07326 and $0.07390
• Support: $0.06962, then $0.06790 (24h low)
Bigger picture:
• Today: -8.66%
• 7 Days: -11.22%
• 30 Days: -30.22%
• 90 Days: +13.08%
• 180 Days: -21.49%
• 1 Year: -72.18%
CELO is still in a bearish trend after a sharp drop. The recovery candles are small, which shows buyers are cautious. Until price reclaims the Supertrend line, bounces can fade and sellers remain in control.
📊 Trade Plan (Example Only):
Long (reversal confirmation):
• Entry: Above $0.07330 with a 15m candle close (Supertrend flip)
• Stop Loss: $0.07140
• TP1: $0.07390
• TP2: $0.07621
• Risk-Reward: approx. 1:2
Short (rejection play):
• Entry: Rejection near $0.07300 with a bearish 15m candle
• Stop Loss: $0.07420
• TP1: $0.06962
• TP2: $0.06790
Invalidation: For longs, a close back below $0.07176 means the flip failed. For shorts, a strong 15m close above $0.07390 cancels the bearish view.
After a 10% daily drop, volatility stays high. Wait for candle closes, keep position size small, and use low leverage on futures.
Is CELO ready for a bounce or another leg down? Share your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
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