Risk Monitor: $CELO 4h Bearish Pressure Persists
$CELO remains under bearish pressure on the 4-hour chart, with momentum indicators signaling continued downside. Price trades below recent swing equilibrium, testing support near 0.144.
The most recent low at 0.144 may invite liquidity grabs before any rebound. Key resistances lie at 0.20045, 0.24106, and 0.27504, while support levels are marked at 0.11405 and 0.09706. A potential long entry requires confirmation via reversal patterns like a pin bar or bullish engulfing just below 0.144, targeting 0.20045. Failure to hold 0.144 followed by a break under 0.11405 with bearish momentum could extend losses toward 0.09706 or lower. Caution advised without clear reversal signals.
⚠️ This is an AI analysis and not financial advice.
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