Investors & traders who actively monitor the cryptocurrency market with a long-term strategy often follow this key principle: the most favorable entry points typically occur when an asset is trading in the discount zone. This approach can offer a more attractive risk-to-reward ratio (RRR) and potentially increase the probability of a successful outcome.
As major cryptocurrencies gain upward momentum, identifying assets that still meet technical entry criteria while remaining undervalued is becoming increasingly difficult—yet Cetus Protocol currently may fit that profile.
Cetus Protocol technical analysis
CETUSUSD - 1 Day Time Frame
From a technical standpoint, Cetus Protocol is forming structures that suggest a bullish price delivery, specifically around two key support zones. The first previously acted as a significant resistance level but was recently surpassed with a daily candle close above it. This area is marked in orange on the attached chart.
The second support zone formed as a result of this breakout and is represented by two horizontal lines. Together, these zones establish a technical structure that could support long positioning—particularly given that the asset still trades in the discount zone, which may present a favorable entry opportunity.
Cetus Protocol price target
A critical next step is to implement disciplined risk management by placing a cover Stop Loss order. In this scenario, the Stop Loss may be positioned just below the internal low, as indicated on the chart, to help mitigate exposure to adverse price movements.
Regarding potential targets, price commonly gravitates toward Buy-Side Liquidity (BSL) levels in bullish environments. These levels are often associated with clusters of Buy Stop orders and can serve as natural focal points for upward price movement due to the liquidity they represent.