$CELR - Long Trade Setup 🚀
$CELR shows strong consolidation after a sharp drop, as sellers were absorbed and the price began to build a series of higher lows 💪.
_Technical Fundamentals_:
- _Rapid Absorption of Sellers_: the price did not continue to drop and quickly recovered, indicating absorption of sellers 📊.
- _Higher Lows_: the price is building higher lows, indicating strength in demand 📈.
- _Strong Consolidation_: consolidation below resistance indicates buyers' readiness to continue buying 💼.
_Trading Setup_:
- _Entry Point_: 0.00412 – 0.00420 📍
- _Profit Taking Targets_:
- _Target 1_: 0.00435 🚀
- _Target 2_: 0.00455 📈
- _Target 3_: 0.00480 💥
- _Stop Loss_: 0.00395 ⚠️
_Trading Tips_:
- _Discipline_: trading should be done with self-control and adherence to the setup 📝.
- _Risk Management_: a stop loss should be placed to protect capital ⚠️.
- _Holding Above Support_: support should be maintained to enhance the chances of success 🔮.
The currency shows potential for upward movement with the possibility of a strong bullish move 🚀. As long as the price remains above support, the bullish trend remains likely.
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