CERA 📊
Price is trading at a major resistance and has failed to break the white moving resistance since May 25. It’s also reacting around the Fibonacci golden ratio.
🔍 If price turns bullish:
• Wait for a confirmed break above 1.26 (major resistance) before buying
🎯 A confirmed breakout could lead to a ~10% move toward the major order block and all-time high, following this strong downward move.
Price is trading at a major resistance and has failed to break the white moving resistance since May 25. It’s also reacting around the Fibonacci golden ratio.
🔍 If price turns bullish:
• Wait for a confirmed break above 1.26 (major resistance) before buying
🎯 A confirmed breakout could lead to a ~10% move toward the major order block and all-time high, following this strong downward move.
Note
Price is testing the breakout level at 1.26, a major resistance 📐🧱. If it breaks back below this level 📉, it would invalidate the breakout and act as a stop-loss ⚠️❌.
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.
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.