MyCryptoParadise

CELR/USDT Could CELR sustain and bounce from the support level??

BINANCE:CELRUSDT   Celer Network / TetherUS
πŸ’Ž CELR's recent failure to breach a crucial resistance level has resulted in a downturn, bringing it back to a key support area that previously acted as resistance. This is a decisive moment for CELR, as a strong bounce or bullish candle formation at this support, probability could signal a renewed attempt to challenge the resistance.

πŸ’Ž However, if CELR is unable to hold its ground at this support level and breaks below it, it would be a concerning indicator of weakness. Such a breakdown would likely lead to further declines, with the Bullish OB area becoming the next critical point of focus.

πŸ’Ž The Bullish OB area is pivotal for determining CELR's market trend. If CELR fails to maintain strength in this zone and breaks below, it would confirm a shift to a bearish trend. This breakdown could precipitate a further slide in CELR's price, potentially reaching the strong support area.

πŸ’Ž In summary, CELR's market trajectory is currently hinging on its response at the present support level. A rebound from this level could reignite bullish momentum, while a breakdown would likely exacerbate bearish sentiments, leading to lower price levels in the near term.
Trade closed: target reached:
Bingo! #CELR is dancing to our tune, up 96.91% just like we predicted.


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