Mixed signals on CELO

On the positive side, CELO has broken the Trend Resistance and the 4-hour chart (not shown) suggests we may bounce off the new support line. That bullishness, however, should be tempered with the Daily chart which suggests Buyer Exhaustion is on the horizon. In addition, I'm seeing negative pressure that could signal a sharp downward move. The chart is too risky for me, I need to see some Daily bullish signals before considering a long.


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These are my personal views and not financial advice. Please do your own research before investing.

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