$CELO Update: Breakout Momentum or Local Top?
($CELO) is showing strong bullish momentum on the 1-hour chart, currently trading at 0.0828 with a solid +9.96% gain. The SuperTrend (10,3) is firmly green with a support base at 0.0792, while the RSI(6) is at 79.50, indicating the asset is approaching overbought territory after a sharp rally.
🎯 Trade Setup
EP (Entry): 0.0795 – 0.0825
TP (Targets)
TP1: 0.0845
TP2: 0.0870
TP3: 0.0910
SL (Stop Loss): 0.0750
The price is currently hovering just below its 24h high of 0.0832, which acts as the immediate resistance level. A successful flip of this level could trigger a move toward the 0.0870 liquidity zone, but traders should watch for a potential RSI cooling period back toward the SuperTrend support at 0.0792.
Do you think ($CELO) can break through the 0.0832 resistance today, or are we heading for a consolidation phase?
Watching this level closely.
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