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A noteworthy bullish opportunity has emerged on the 4-hour level of CELO. From a technical perspective, the price has shown a clear reaction to bullish order blocks, and the higher timeframe structure remains bullish. The current retracement displays characteristics of a correction rather than a trend reversal signal.
The key observation is that liquidity has accumulated above the previous high, which typically attracts the price to move upward. The overall risk-reward ratio is quite favorable, especially if the price can effectively break through external liquidity zones.
The specific trading parameters are as follows—
Entry: $0.1269
Stop-loss: $0.1204
Take profit in stages: $0.1377, $0.1400, $0.1438
Strategically, it would be more prudent to wait for further confirmation signals before taking action.