$CRV Here's a comprehensive and thrilling analysis for based on the recent $15.351K long liquidation event at $0.801. Let's break it down:
Recent Liquidation Event
The long liquidation indicates that many traders expected to rise above $0.801, but the price dropped instead, causing liquidations. Such events often shake weak hands and may provide opportunities for sharp reversals or continuation moves.
What's Next for $CRV.
After the liquidation, we need to analyze the current price structure, support, and resistance zones.
Buy Zone:
The area between $0.770 and $0.800 looks like a strong accumulation zone. Buyers might step in here, anticipating a bounce. If $CRV stays above $0.770, it shows strength and may start recovering.
Targets:
Target 1: $0.850 (First resistance zone)
Target 2: $0.900 (Psychological resistance and key level)
Target 3: $0.950 (If the uptrend continues strongly)
Stop-Loss:
Set a stop-loss below $0.750 to protect against further downside. If $CRV breaks $0.750, it may head lower, invalidating the bullish setup.
Technical Analysis Overview.
Support Levels: $0.770, $0.750
Resistance Levels: $0.850, $0.900
Trend: Currently in a downtrend, but a reversal may happen near the buy zone.
Pro Tip:
Always use proper risk management. Allocate only a small percentage of your portfolio to this trade, as cryptocurrencies are volatile.
Conclusion:
$CRV's liquidation event at $0.801 offers a potential opportunity to buy near support zones. Watch for volume and price action near $0.770–$0.800. If it breaks $0.750, reanalyze the trade.
Let me know if you'd like further details.
#CRV/USDT #CorePCESignalsShift #BTCNextMove #USUALBullRun #ElSalvadorBTCReserve