CRV/USDT Technical Analysis: Buying, Selling, and Stop Loss Targets ⚖️
Current Price: 0.6822 USDT
Support Level: 0.6579 USDT
Resistance Level: 0.7362 USDT
Trading Data:
24h High: 0.7362 USDT
24h Low: 0.5345 USDT
24h Volume (CRV): 228.69M CRV
24h Volume (USDT): 144.77M USDT
Technical Analysis:
MA (Moving Average): Uptrend showing strength in buying.
EMA (Exponential Moving Average): Bullish, confirming momentum.
MACD: Positive, indicating upward momentum.
Bollinger Bands: Price is closer to the upper band, signaling a potential breakout.
SAR (Parabolic SAR): Shows upward trend.
Step-by-Step Trading Strategy:
Buy Signal:
Enter when the price reaches 0.6579 USDT (support level) and shows signs of reversal or if price breaks 0.7362 USDT (resistance), confirming a breakout.
Sell Signal:
Exit at 0.7362 USDT (resistance level) or if a reversal is observed. If the price continues upward after breaking resistance, adjust your sell target accordingly.
Stop Loss:
Set stop loss at 0.6579 USDT to protect from significant loss if the price drops below the support level.
Target Price:
Short Term: 0.7362 USDT (near-term resistance level).
Long Term: Potential further gains if the breakout continues. Target next resistance level at 0.7402 USDT.
Important Notes:
Best Time to Buy: Monitor during key high-volume periods.
Best Time to Sell: Look for reversal signs at resistance levels (like 0.7362).
Always check live charts before entering the trade to confirm the trend.
Disclaimer:
Trading involves risk. This is not financial advice. Always do your own research and trade responsibly.