$CRV Liquidation Level. $6.1041K at $0.994. This means there is significant liquidation pressure at this level, suggesting that if the price drops to $0.994, many long positions may get liquidated.
Current Trend. If CRV holds above support levels and the market sentiment remains bullish, there could be potential for a bounce or continuation to the upside.
Strategy.
Buy Zone.
First Buy Zone. Around $0.95 - $0.97. This is a key support level, and if the price reaches this zone, it could offer a good entry for a long position. Wait for a solid confirmation such as a bounce or bullish candlestick pattern before entering.
Secondary Buy Zone. Around $1.00. This is a psychological level and could act as support for a price rebound.
Target.
First Target. $1.10. This is a key resistance level. If the price breaks above this, it could indicate a continuation towards the next target.
Second Target. $1.20. If the bullish momentum continues, the price could aim for this level.
Stop Loss.
Stop Loss Level. $0.94. Placing a stop just below $0.95 gives a safe margin in case the price fails to hold above the support.
Additional Information.
Market Sentiment. Pay attention to overall market sentiment, as broader trends can impact CRV’s movement. News, partnerships, or changes in the DeFi space can cause sudden price fluctuations.
Technical Indicators. Watch for confirmation from Relative Strength Index and MACD Moving Average Convergence Divergence. If the shows oversold conditions near the buy zones, it’s a strong signal to enter long positions.
Remember, always do your own research and manage your risk by adjusting your stop-loss and position size accordingly.
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