Here is the recommendation for a buy entry and stop-loss (SL | Ladonna Lovering on Binance Square

Ladonna Lovering

--

Bullish

Here is the recommendation for a buy entry and stop-loss (SL) based on the CETUS/USDT :
1. Buy Entry
Entry Level: Consider entering a buy around the 0.31 to 0.32 level, which is near the closest support. This level has potential as a short-term reversal point if confirmation indicators like Stochastic or RSI start showing oversold signals.
Entry Confirmation: Ensure there is confirmation from the Stochastic or RSI indicators. If Stochastic %K starts rising and crosses %D from below, this could be a reversal signal. Likewise, if RSI begins to rise from the oversold level (below 30), it may indicate a potential rebound.
2. Stop-Loss (SL)
Stop-Loss Level: Place the stop-loss below 0.30. If the price drops below this level, it is likely that the bearish trend will continue, and the next support level could be even lower.
Reason for SL Placement: The 0.30 level is a psychological area and a key support level on this chart. If broken, it could indicate that selling pressure remains strong, and the price might continue to fall.
3. Take Profit (TP)
Take Profit (TP) 1: Around the 0.35 level, which is near MA(7) and could act as a short-term resistance.
Take Profit (TP) 2: If the price breaks through 0.35, consider the next target around 0.39, close to MA(25), which is a stronger resistance.
Note: Keep an eye on the price movement after entry and also watch the volume and additional confirmation from indicators. If the bearish trend continues strongly, it may be best to re-evaluate your position.

LIVE

Ladonna Lovering

--

$CETUS ⚠️ ALERT FOR THE NEXT 12 HOURS:

$CETUS
CETUS/USDT here’s an analysis using several indicators to predict movement over the next 12 hours:
1. Price & General Trend
Current Price: 0.32854, down approximately -15.61% over the last 24 hours.
Highest and Lowest Levels: Highest at 0.39839 and lowest at 0.30989 over the last 24 hours.
The price shows a strong bearish trend (downtrend), indicated by the sharp decline from the 0.49845 level to the current level.
2. Moving Averages (MA)
MA(7) and MA(25): The price is below MA(7) (0.35987) and MA(25) (0.39359), indicating selling pressure is still dominant. This also confirms a bearish trend, at least in the short term.
If the price stays below both these MAs, the selling pressure is likely to continue, but if there’s a reversal above MA(7), there might be a small chance of recovery.
3. Relative Strength Index (RSI)
RSI(6): Currently at 18.66, indicating an oversold condition.
An oversold condition often suggests the price has fallen too quickly and may soon experience a correction or a temporary reversal.
However, a low RSI doesn’t always guarantee an immediate reversal, especially in a strong bearish market.
4. Stochastic Indicator (K, D, J)
%K = 14.02 and %D = 16.18, both in the oversold zone.
Stochastic J = 9.72: This value is below 20, indicating extreme oversold conditions.
If the %K line starts to rise and crosses above %D in the coming hours, this could be an early signal for a price reversal. However, a very bearish trend could keep the price in the oversold zone for a while.
5. Volume & MACD
Volume: Current transaction volume shows considerable selling activity, though there is a slight decrease at the end. This could be a sign that selling pressure may start to weaken.
MACD: The MACD histogram shows a negative signal, with the MACD line below the signal line. This is an additional indication of strong bearish momentum. As long as the MACD line hasn’t reversed and crossed the signal line, the bearish trend is likely to continue.
Conclusion for the Next 12 Hours
Bearish Bias: Indicators show a strong bearish tendency, though some, like RSI and Stochastic, are in the oversold zone. This could indicate a potential for a temporary reversal or price correction in the short term.
Potential Temporary Reversal: If selling pressure weakens and there’s confirmation from the Stochastic indicator (%K crossing %D in the oversold zone), the price may see a small recovery towards the 0.34-0.35 area.
Watch Resistance and Support Levels: The nearest resistance level is around 0.35 (near MA(7)), while the support level is at 0.31. If the price falls below 0.31, this could signal a stronger bearish move.
Recommendations:
If considering a buy entry: Look for confirmation from the RSI and Stochastic indicators to ensure there’s potential for a reversal. Entry could be made if there’s a bullish signal (e.g., a crossover in Stochastic or RSI moving up from the oversold area).
If considering a sell entry: Wait for the price to approach resistance at 0.35 or if the price falls again below 0.31, with a short-term target at the next support area.
Be cautious of volatility, especially given the strong bearish trend shown in this chart.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

Replies 0