CELOUSDT initially broke out bullish from a falling wedge but faced strong rejection at the critical $1.67 resistance level, triggering a significant sell-off that retraced the entire breakout move.
Price has now retested the initial bottom, positioning the market for a potential double-bottom formation, contingent on the $0.3352 support holding firm. If confirmed, the projected upside target extends towards the $4 region, aligning with key structural levels.
However, a breakdown below this crucial support would invalidate the bullish scenario, exposing the asset to deeper losses and amplifying downside risks.
Market reaction at this zone will dictate the next major move.
Price has now retested the initial bottom, positioning the market for a potential double-bottom formation, contingent on the $0.3352 support holding firm. If confirmed, the projected upside target extends towards the $4 region, aligning with key structural levels.
However, a breakdown below this crucial support would invalidate the bullish scenario, exposing the asset to deeper losses and amplifying downside risks.
Market reaction at this zone will dictate the next major move.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
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📩 Promotion/Partnership: t.me/WESLAD
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.