๐ $CELO Technical Analysis | Trade Setup
๐ Current Price: $0.097
๐ Market Structure CELO remains in a bearish market structure, trading below key resistance zones. Sellers are still in control, with price hovering near a critical demand area.
๐ Key Levels
Support: 0.095 โ 0.092
Major Support: 0.088
Resistance: 0.102 โ 0.105
Major Resistance: 0.112
๐ฏ Trade Scenarios
๐ด Short Setup (Trend Continuation)
Entry: Breakdown below 0.095
Targets: 0.092 โ 0.088
Stop-Loss: 0.102
๐ข Long Setup (Reversal Only)
Entry: Strong close above 0.105
Targets: 0.112 โ 0.120
Stop-Loss: 0.098
๐ Trade Insight Trend bias stays bearish. Shorts are favored on weakness, while longs require a clear structure break with volume confirmation. Risk management is key.
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