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USDJPY Poised for Potential Reversal as Price Holds the SupportThe USDJPY 4-hour chart has just closed right at the key 61.8% Fibonacci support level, which is a bullish signal in itself. Additionally, the uptrend trendline is holding steady, adding further weight to the bullish case. However, to confirm this potential uptrend, it's important that the price remains above the current demand zone. If this is the case, we could expect to see a relatively strong pullback to the upside in the mid-term, providing an excellent opportunity for bullish traders.
Long
by CryptoPAMM
CELOUSDT: High Probability Trade OpportunityCELO is looking amazing as the price is rejecting a key demand zone. This rejection presents a good starting point for a high probability and good risk/reward trade opportunity. Although the target is conservative, it adds up to the probability. Traders can consider buying CELOUSDT at the current price level and setting a stop loss below the demand zone to manage risk. Alternatively, traders may wait for a pullback towards the demand zone to enter the trade at a lower price point. In conclusion, the technical analysis for CELOUSDT is promising, and traders who take advantage of this opportunity may potentially reap significant profits.
Long
by CryptoPAMM