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CEL’s Trend May Undergo Bullish Reversal as Traders Book Profits

Published 10/13/2023, 07:15 PM
CEL’s Trend May Undergo Bullish Reversal as Traders Book Profits
CELH
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  • SanR.app revealed in an X post today that traders booked 21.12% profits following a short on CEL over the past 2 weeks.
  • Traders closing their short positions may suggest that they anticipate CEL’s price to rise in the short term.
  • At press time, a bullish reversal technical flag was on the verge of being triggered on CEL’s daily chart.

The cryptocurrency trading signals platform SanR.app revealed in an X (formerly Twitter) post, that traders were able to profit off of the drop in Celsius’ (CEL) price over the past 2 weeks. According to the post, traders have realized profits of 21.12% by shorting the altcoin throughout the past fortnight.

Traders closing their short positions could suggest that they anticipate a bullish reversal in the altcoin’s price in the short term. Meanwhile, data from CoinMarketCap indicate…

The post CEL’s Trend May Undergo Bullish Reversal as Traders Book Profits appeared first on Coin Edition.

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