๐ Paradisers, #CELR is indeed a coin worth monitoring closely.
๐ Currently positioned at a critical support area, CELR needs to bounce from this level to sustain its upward momentum.
๐ A successful bounce could potentially lead to a retest of the resistance around the 0.0298 area, which is crucial for confirming a return to bullish sentiment. Breaking above this resistance is necessary for CELR to continue its upward trajectory.
๐ However, if CELR fails to break above the resistance and experiences rejection, there's a risk of the price falling back towards the support area. Continued touches on the support may weaken its effectiveness over time, signaling potential bearish pressure.
๐ Should CELR fail to bounce from the support area and instead break below it, there's a possibility of further downward movement towards the demand area around 0.02. This level holds significant importance, and a bounce from here would be essential for CELR to maintain its bullish outlook.
๐ The bullish invalidation scenario would occur if CELR fails to bounce from the demand area and confirms a daily candle close below it. This would indicate a shift towards bearish sentiment and could result in further price declines.
ย MyCryptoParadise
iFeel the success๐ด
๐ Currently positioned at a critical support area, CELR needs to bounce from this level to sustain its upward momentum.
๐ A successful bounce could potentially lead to a retest of the resistance around the 0.0298 area, which is crucial for confirming a return to bullish sentiment. Breaking above this resistance is necessary for CELR to continue its upward trajectory.
๐ However, if CELR fails to break above the resistance and experiences rejection, there's a risk of the price falling back towards the support area. Continued touches on the support may weaken its effectiveness over time, signaling potential bearish pressure.
๐ Should CELR fail to bounce from the support area and instead break below it, there's a possibility of further downward movement towards the demand area around 0.02. This level holds significant importance, and a bounce from here would be essential for CELR to maintain its bullish outlook.
๐ The bullish invalidation scenario would occur if CELR fails to bounce from the demand area and confirms a daily candle close below it. This would indicate a shift towards bearish sentiment and could result in further price declines.
ย MyCryptoParadise
iFeel the success๐ด
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE๐ t.me/+QwK2mkoTGBU0Nzc0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE๐ t.me/+QwK2mkoTGBU0Nzc0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.