Based on the provided chart for $CVC /USDT, the price is currently at $0.2076, showing a 9.09% increase. The recent trend indicates a strong bullish momentum with the price testing a near-term resistance at $0.2107. The 24h low at $0.1847 suggests solid buying interest at lower levels.
Long Entry:
Entry Zone: Wait for a breakout above $0.2107 with strong volume confirmation.
Target: Initial target around $0.2200 and extended target at $0.2350.
Stop Loss: Place the stop loss at $0.2000 to manage risk.
Short Entry:
Entry Zone: If the price fails to break $0.2107 and shows rejection, consider a short position below $0.2050.
Target: First target at $0.1950, and further at $0.1900.
Stop Loss: Stop loss above $0.2115.
The overall trend for the last 7–90 days remains bullish, but watch for volume changes and potential trend reversals at key levels. Always ensure proper risk-reward management before entering positions.