TradeCityPro | CELOUSDT Suitable Trading Opportunity

👋 Welcome to the TradeCityPro channel!
Let’s analyze CELOUSDT, a cryptocurrency that appears to present opportunities in both spot and futures markets this week.

🌍 Market Overview

Before diving into CELO, let’s take a look at Bitcoin during the London session. BTC continues to print red candles, with its dominance (BTC.D) ranging.

This scenario leads to a balanced market correction, where individual coins behave independently based on their BTC pair performance.


📊 Weekly Timeframe

CELO has been ranging within a weekly box for approximately 830 days, with no significant breakout.

While buying at the box's bottom might have yielded 100% gains, holding positions for extended periods in a risky market like crypto can lead to "capital dormancy," causing stress. Hence, trigger-based trading is preferred.

This time, CELO has printed a higher low within the box, hinting at a potential breakout.

Breakout above 0.8412 with a stop loss at 0.4083 for a mid-term buy.
If missed, another entry above 1.2530 with confirmation from RSI moving into overbuy territory (76.06) ensures a more secure position.


📈 Daily Timeframe

CELO is currently testing the box resistance but shows stronger buyer momentum this time.
Last rejection from 0.8683 led to a correction down to 0.5318, but buyers established a higher low compared to 0.3998, indicating a shift in momentum.

Daily RSI needs to break 74.22 to confirm a sharp move upward , Upon confirmation, price could rally to 1.0503.


⏱ 4-Hour Timeframe

CELO has formed a parabolic movement, with consistent support at the curve line during pullbacks.

Despite some weakening momentum, as long as the price holds above the curve, there’s potential for further upside.

📈 Long Position Trigger:
Breakout above 0.8683 to initiate a long position.

As long as the price remains above 0.7352, higher lows per Dow Theory suggest strength.

💡 BTC Pair Insight

CELOBTC is bearish but shows signs of weakening bearish momentum, which might lead to a trend reversal or a new bullish phase.

Coins with similar BTC pair setups last week either didn’t move or experienced significant pumps after their triggers.

📝 Final Thoughts

Stay calm, trade wisely, and let's capture the market's best opportunities!

This analysis reflects our opinions and is not financial advice.

Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️