MyCryptoParadise_Nathan

CELR/USDT Breakout the key resistance and Perfect Retesting!

BINANCE:CELRUSDT   Celer Network / TetherUS
πŸ’Ž CELR has undoubtedly been a major focus in the market, having recently achieved a breakthrough past a key resistance area. Currently, CELR is showing a strong bounce during its retesting phase at what was previously a resistance level, now acting as support. This indicates a strong probability that could sustain its upward trajectory, with our next target being a significant resistance area.

πŸ’Ž However, if CELR struggles to maintain its upward momentum and loses support upon returning to this area, it would likely confirm a false breakout. Such a development would be a negative indicator for CELR's future movement, potentially leading to a downward trend back towards the demand area around $0.017.

πŸ’Ž At the demand level, a robust recovery is essential for CELR. If it fails to demonstrate a significant bounce from this zone, there's a risk that could break down further. Such a scenario could lead COTI into a deeper bearish trend, potentially moving towards a stronger support area.
Trade closed: target reached:
Spot on again! #CELR has climbed 38.69%!


Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?

JOIN FREEπŸ‘‰ t.me/+IaNzEzXsdiBlNDg0

πŸŽ–οΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals πŸ‘‰ shorturl.at/ikpAV
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.