🚨 $CATI /USDT on the 15-Minute Chart 🚨
Price Action Overview: CATI/USDT has been exhibiting a mix of consolidation and mild decline, with recent fluctuations testing both upper and lower levels. The price is currently displaying some downward pressure after testing the resistance around 0.4458, with recent support found near 0.4028.
Current Price: 0.4189
Entry Price for Long Trade: Around 0.4185
💡 Key Levels to Watch:
Resistance Level: 0.4322 – If CATI breaks above this, expect further upward momentum toward higher targets.
Support Level: 0.4006 – Holding above this level is crucial to avoid further decline.
🎯 Take-Profit Targets:
1. First Target: 0.4322
2. Second Target: 0.4450
3. Third Target: 0.4480
📉 Stop Loss: Set stop loss at 0.3979 to minimize downside risk if price moves unfavorably.
⚠️ Caution: Traders should monitor price action around the critical support and resistance zones. CATI/USDT is at a sensitive point, and any clear breakout or breakdown from these levels could indicate the next major move. Keep an eye on market volume and candle patterns for signs of stability or potential breakout direction.