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CELO / UST

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CELOUST trade ideas

CELOUSDTHello Crypto Lovers, This is a 1D frame analysis for CELOUSDT As you can see, the price after breaking the white line was able to stabilize and has moved close to the first resistance line. With the bullish close of the previous candle, it is expected that if the first resistance line is broken, it can move towards its second resistance line. However, keep in mind that if it fails to rise above the stabilization line and we see weakness in the trend, there is a possibility of price correction. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
Trading Idea for CELO/USDTCELO/USDT is currently in a bullish trend, as the price has been making higher highs and higher lows. This presents a potential trading opportunity to go long on the pair. Our entry point for this trade will be at 0.688, which is slightly above the current market price. Our stop loss will be placed at 0.628, just below the recent swing low, to limit our potential losses. Our target price for this trade will be at 0.850, which represents a potential profit of 23%. Risk to Reward: Our risk to reward ratio for this trade will be 3.53. This means that for every dollar we risk, we stand to potentially gain $3.53 if the trade is successful. This is a very attractive risk to reward ratio, as we only need to be right about one third of the time for this trade to be profitable over the long term. Overall, this trade presents a solid opportunity to go long on CELO/USDT, with a favorable risk to reward ratio and a high potential for profit. As with all trades, it is important to closely monitor price action and adjust your position as necessary to maximize potential gains and minimize losses.
Long
by InKryptLabs
1
CELOUSDT: High Probability Trade OpportunityCELO is looking amazing as the price is rejecting a key demand zone. This rejection presents a good starting point for a high probability and good risk/reward trade opportunity. Although the target is conservative, it adds up to the probability. Traders can consider buying CELOUSDT at the current price level and setting a stop loss below the demand zone to manage risk. Alternatively, traders may wait for a pullback towards the demand zone to enter the trade at a lower price point. In conclusion, the technical analysis for CELOUSDT is promising, and traders who take advantage of this opportunity may potentially reap significant profits.
Long
by CryptoPAMM