$CELO just flashed a textbook liquidity grab — the fake breakout to $0.0884 is now fully fading with 99% volume-to-market-cap ratio.
$CELO $0.0608 Short TP $0.0590 SL $0.0626
On June 29, CELO spiked to $0.0884 then COMPLETELY retraced — that's a massive bear trap now acting as overhead supply. Since that rejection, price has printed 5 consecutive lower highs while today's selloff drops $36.4M volume against a $36.6M market cap (99.4% ratio) — near-total turnover in a single day.
The 30-day downtrend sits at -20% and price is testing just 7% above its all-time low of $0.0564. With this volume cascade and the failed breakout structure overhead, the path of least resistance points to a retest of the $0.058-0.059 support zone.
DYOR
$CELO $0.0608 Short TP $0.0590 SL $0.0626
On June 29, CELO spiked to $0.0884 then COMPLETELY retraced — that's a massive bear trap now acting as overhead supply. Since that rejection, price has printed 5 consecutive lower highs while today's selloff drops $36.4M volume against a $36.6M market cap (99.4% ratio) — near-total turnover in a single day.
The 30-day downtrend sits at -20% and price is testing just 7% above its all-time low of $0.0564. With this volume cascade and the failed breakout structure overhead, the path of least resistance points to a retest of the $0.058-0.059 support zone.
DYOR