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MBM_Crypto
Mar 17, 2023 11:02 PM

Quick Trade Setup for CELR 

Celer Network / TetherUSBinance

Description

Here's a quick look at the CELR 4 hr. chart. As we can see, the price has formed a bigger cup & handle formation, which is a bullish price pattern.
It all depends on BTC. BTC is close to a more significant resistance zone (28k zone), and one should be careful when trading!
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The idea is: Buy when the price breaks above 0.02121$ and take profits at the levels shown in the chart.

Targets:

1. 0.0215$
2. 0.022$
3. 0.023$
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!

Comment

TP1 & 2 met:

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Current Peak Profit: 5%

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TP3 met!

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Peak profit: 9.3%

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In case you didn't sell at the target, then your profit is 41%

Comments
SwallowPremium
Great work! We are agree with this price movement. Thank you)
MBM_Crypto
@SwallowPremium you’re welcome 😉
MonoCoinSignal
Thanks for contributing to the discussion, it's appreciated.
MBM_Crypto
@MonoCoinSignal you’re welcome 😉
melikatrader94
Thank you for sharing your analysis. Well done
MBM_Crypto
@melikatrader94 you’re welcome 😉
MBM_Crypto
TP1 ✅
MBM_Crypto
High risk on this trade!
RektMeHard
This makes more sense... I will look for some confirmation.
MBM_Crypto
@RektMeHard, If it does break above the buy level, then i would recommend taking profits at target 1, as there's high risk atm.
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