CETUS/USDT LONG

Based on the CETUS/USDT 1-hour chart provided, here is an analysis for a potential long setup:

Key Observations:
Trend Analysis:

The chart shows a recent strong bullish momentum indicated by multiple Breaks of Structure (BOS). The price has surged upwards, confirming bullish sentiment.
The formation of a Weak High near the current price indicates a potential retest or breakout zone.
Support and Resistance Levels:

The nearest support level is around $0.3330–$0.3400, where the price recently consolidated before pushing upward.
The next resistance zone is near the Weak High level at approximately $0.3450–$0.3500. A breakout above this level could lead to further upward movement.
Chart Patterns:

The chart shows an ascending triangle pattern, with higher lows converging towards a resistance level. This pattern often signifies a continuation of an uptrend and increases the likelihood of a breakout.
Indicators:

RSI (Relative Strength Index): The RSI is positioned in the higher range, indicating bullish momentum but approaching an overbought condition. Caution is advised, as overbought RSI levels can precede a pullback.
Moving Averages: The price appears to be supported by a shorter-term moving average (possibly the 50-period MA), which aligns with an upward trend confirmation.
Long Trade Analysis:
Potential Long Entry:

A long position could be considered if the price breaks above the Weak High near $0.3450, confirming further bullish momentum.
Stop-Loss:

Below the nearest support at $0.3330 to manage risk effectively.
Take Profit Targets:

First Target: $0.3700, where previous price action has shown potential resistance.
Second Target: $0.4000, which aligns with the next significant historical resistance zone.
Alternative Scenario:

If the price fails to break above $0.3450 and instead retraces, monitor the $0.3330–$0.3400 support area for a potential re-entry opportunity.
Conclusion:
This analysis suggests waiting for confirmation of a breakout above the $0.3450 level for a safer long entry. It’s crucial to monitor the RSI for signs of divergence or a potential pullback and adjust stop-loss and profit targets accordingly.