Hello Traders. Hope you are doing well. Today I want to share my idea about CELR. CELR broke ATH on March 21st and had a nice bullish run since then. What now? Well you can see after CELR hit 0.1$, it has corrected about 50% until now. It can be a pullback to purple range which was ATH. If you want to buy CELR, in my opinion you can do 2 different scenarios :
1) You can put one order around 0.053-0.054$ and one order on the purple support around 0.04$. So you will buy it in two steps. ( Stop loss below support )
2) Buy the breakout. When the price breaks out of the yellow descending line, you can open long position. ( Stop loss below the descending line )
Also Rsi is in the oversold condition and likely the price is going to bounce back.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on CELR and don`t forget to comment what you think. ✌
コメント
⋅
Touched the descending line so I would rather take profits here and re-enter when it breaks the descending line.