CELR/USDT It required bounce, to made a bullish structure move.

15 במאי

💎 Paradisers, #CELR is indeed a coin worth monitoring closely.

💎 Currently positioned at a critical support area, CELR needs to bounce from this level to sustain its upward momentum.

💎 A successful bounce could potentially lead to a retest of the resistance around the 0.0298 area, which is crucial for confirming a return to bullish sentiment. Breaking above this resistance is necessary for CELR to continue its upward trajectory.

💎 However, if CELR fails to break above the resistance and experiences rejection, there's a risk of the price falling back towards the support area. Continued touches on the support may weaken its effectiveness over time, signaling potential bearish pressure.

💎 Should CELR fail to bounce from the support area and instead break below it, there's a possibility of further downward movement towards the demand area around 0.02. This level holds significant importance, and a bounce from here would be essential for CELR to maintain its bullish outlook.

💎 The bullish invalidation scenario would occur if CELR fails to bounce from the demand area and confirms a daily candle close below it. This would indicate a shift towards bearish sentiment and could result in further price declines.

  MyCryptoParadise
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