The $CETUS has taken a hit, but jumping straight into a it’s going to keep dropping mindset can be risky especially after a sharp move, where bounces are common.
If you’re still considering the short setup, here’s a cleaner, more balanced version:
$CETUS Short Setup
Bias: Bearish (only if weakness continues)
Entry: $0.0293
Targets:
• TP1: $0.0284
• TP2: $0.0274
• TP3: $0.0262
Stop Loss: $0.0300
This setup works best only if price stays below resistance and shows continuation, not if it starts reclaiming levels. After a dump, fake breakdowns and quick reversals are very common.
Keep in mind:
Wait for confirmation instead of chasing
Watch volume fading volume can signal exhaustion
Protect your capital; tight risk management matters more than catching every move
Shorting can work here, but only if the trend actually follows through not just based on fear after a drop.