$CRV There has been a short liquidation of $5.5946K at a price of $0.869, indicating that traders betting against the price of CRV are facing significant losses as the price moves higher. This creates a potential buying opportunity for traders who believe the price could continue to rise, leading to further liquidations.

What to Expect Next.

Price Movement: With shorts being squeezed, $CRV might see upward pressure, potentially pushing the price higher. The short liquidations suggest that many traders who bet against the asset are now forced to buy back, creating additional buying pressure.

Market Sentiment: If this momentum continues, the market may see a rally, but be cautious as prices can also retrace after such movements.

Buy Zone.

Primary Buy Zone: If the price dips back to the $0.85–$0.86 range, it could provide a solid entry point. This level is near the recent support and may hold strong for a rebound.

Secondary Buy Zone: If the price dips further, $0.80–$0.82 could act as a secondary buying opportunity.

Target Levels.

1. Short-Term Target: The first key resistance level is around $0.92–$0.94. This is where profit-taking might occur, and price could face resistance.

2. Long-Term Target: If the bullish momentum holds, $1.00 could be a psychological target, and any breakthrough could push the price higher, aiming for $1.10.

Stop Loss.

Stop Loss: Set a stop-loss around $0.78. If the price drops below this level, it could signal a reversal or deeper downtrend, and it’s safer to cut losses here.

Key Takeaways.

Watch the Shorts: The short liquidations at $0.869 suggest a possible squeeze, where further buying pressure could push the price up.

Be Ready for Volatility: These moves can be fast and volatile, so use tight stop-losses to manage risk.

Target Resistance Levels: Keep an eye on the $0.92–$0.94 range as the first level to watch for potential selling pressure.

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