$CATI Update [4H] š©ø
Structure: BEARISH
Pattern: Rectangular Consolidation
Conviction: High š„
š§± Key Zones:
Res: 0.06400 | 0.06800
Sup: 0.05700 | 0.05500
š§ The Setup:
CATI is currently ranging in a tight consolidation box after a significant downtrend. Macro trend remains bearish. Price needs to reclaim the 0.06400 level to show strength, otherwise, a break below current range support could lead to further liquidity grabs. Volume is relatively low within the range, indicating indecision.
ā”ļø Scenarios:
š¢ Bull: Reclaim 0.06400 -> Target 0.06800-0.07200 zone.
š“ Bear: Lose 0.05700 -> Dump to 0.05500 and potentially lower.
NFA. DYOR. š„
#CATI #Crypto #PriceAction #Trading
