CELO is in a big value area. It is worth highlighting that the price has broken the trend line and tested it as support. This is a good signal. At the moment the price is in the middle of this range and there are no clear prerequisites to open a position.
In case of a squeeze and breakout of the key level, there could be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Thanks for that! The way I see it CELO has also been right from the start in an ascending parallel channel, which isn't mentioned in your analysis. Am I wrong?
Mihai_Iacob
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Consolidation after breaking descending trend line. Looks promissing
Thanks for sharing your setup!