Buying Opportunity: Coin $CELR (Celer Network) 🚀
Hey everyone, Coin $CELR is currently at nice rebound zones and it seems to be preparing for a movement. The current price focus on it because it's in a strong support area.
• Current price: $0.003541
• Entry zones: between $0.003450 and $0.003550
Targets:
1. First target: $0.003780 (near resistance area)
2. Second target: $0.004020
• Stop Loss: Close a candle under $0.003300
Why is the coin worth following?
Celer Network is a strong Layer 2 system aimed at speeding up transactions and reducing costs on the blockchain, in short, a smart solution to congestion and high fees.
Technical analysis:
• MACD: The MACD has started to give light positive crossover signals above zero, which means that the downward momentum has started to weaken and buyers are coming in.
• RSI: The Relative Strength Index is currently around 45, meaning the coin is not in a "buying saturation" state and has plenty of room to rise before reaching the peak.
• Price movement: The price is currently trying to hold above the small moving averages, and if it stabilizes above $0.003600, the breakout will be fast.
Your brother's advice:
The market requires patience, don’t put all your capital into one trade, always keep some "cash" for emergencies and activate the stop loss so you can sleep comfortably.
Disclaimer: This analysis is a personal opinion and not direct financial advice. The decision is always up to you!