🚨 $CRV Short Liquidation Alert! 🚨
A massive $8,916.6 was liquidated at $1.067, and the bears are getting squeezed! Could this signal the start of a strong rally for $CRV? Let’s break it down and get ready for your next move.
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🔥 What’s Happening with $CRV?
Market Impact: The short liquidation shows that bearish pressure is fading, and buying momentum is starting to rise. This could indicate a potential bullish reversal for $CRV.
Current Price Action: $CRV is trading around $1.06, an important level that will determine whether the price can push higher or face resistance.
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🔍 Key Levels to Watch
Buy Zone: $1.05 - $1.07
This is a solid support area. If $CRV holds this level and starts showing signs of strength, it could be a great time to buy.
Target Levels:
Short-Term: $1.15 (immediate resistance)
Mid-Term: $1.25 (key breakout level)
Long-Term: $1.50 (if the bullish trend continues)
Stop Loss: $1.00
Place your stop-loss just below the support zone to protect your capital in case the market turns against you.
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📈 Strategy Overview
1. Entry Plan: Look to enter between $1.05-$1.07 if holds support and shows signs of bullish momentum.
2. Breakout Watch: If CRV pushes above $1.15 with strong volume, it could signal further movement toward $1.25 and beyond.
3. Risk Management: Set your stop-loss at $1.00 to limit risks and protect your trade.
Short liquidations can trigger fast price movements. Be sure to confirm the trend with volume and candlestick patterns before making your move.
This is not financial advice. Always do your own research and trade responsibly.
What’s your plan with $CRV? Are you diving in, or waiting for more confirmation? Drop your thoughts below! 🚀
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