Long signal for CELO/USDT
Updated
This technical analysis is based on the daily chart of 
CELOUSDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
Entry and Exit Points:
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 6.87, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
CELOUSDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.Price Channel Analysis:
- The previous bearish channel is broken out, and a bullish channel is formed.
- The suggested entry point is around 0.7400 USDT.
Entry and Exit Points:
- Entry: 0.7400 USDT
- Take Profit: 1.0620 USDT (43.51%)
- Stop Loss: 0.6932 USDT (6.33%)
- R/R Ratio: 6.87
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 6.87, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
Trade closed: stop reached
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