π 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.
π 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.
π 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.
π 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.
π 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%!
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