The price of
$CATI just hit a new high for the past 28 days on the 30M timeframe.
Current price at 0.0519 is breaking through the consolidation zone forcefully.
🚀 The moving averages are stacked bullishly, looking very solid.
EMA144, 169, and 233 are all hovering around 0.0471, forming a strong support zone.
Even though the volume has spiked to 8.28 times, this position can be pretty frustrating.
Don't be fooled by the RSI at 74; that's just a typical sign of trend initiation.
⚠️ This structure is most vulnerable to false breakouts followed by a volume drop and a retest.
Right now, the key level to watch is whether 0.0519 can hold firm.
Looking upwards, 0.0615 is a crucial resistance level.
Downwards, 0.0471 is the invalidation point for this bullish structure.
If the price drops back into this support zone with decreased volume, we’ll need to rethink our strategy.
For now, let's keep it on the watchlist.
We'll wait for the next pullback and confirmation before making any moves, no rush.
#CATI #TON CATI
⚠️ Not financial advice. For reference only.
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