$CELO remains in a clear downtrend and is currently consolidating after the sweep into the 0.116 low. The bounce so far looks corrective, not impulsive, suggesting sellers are still in control overall.

The key resistance zone is 0.123–0.128. Price needs acceptance above this area to shift structure; otherwise, rallies are likely to get sold into.

Support sits at 0.118–0.116. As long as this range holds, price may continue ranging short term. A clean break below 0.116 would open downside continuation toward 0.11.

Trade idea:

Entry: Only on reclaim above 0.123

SL: Below 0.116

Targets: 0.128 → 0.135

Until resistance flips, this is consolidation inside a bearish structure. Patience over prediction