$CATI is showing a weak recovery and remains under pressure. I’m seeing buyers step in only near strong support, while rallies toward resistance are likely corrective. This is not the place to chase; patience is key.
Trade Setup
Bias: LONG (on dip)
Entry Zone: 0.040 – 0.041
Stop Loss: Below 0.037
Target 1: 0.048
Why this setup works
Price is still under pressure, so buying into strength could be risky. The entry zone aligns with key support, giving a low-risk opportunity to catch the next move higher. Stop sits below support to protect against a deeper breakdown. Target sits near the first major resistance above, capturing potential upside without overextending.
I’m buying on the dip, not chasing. If price fails support, I step aside.