$CRV Short Liquidation Sparks Market Action!
A notable $3,624.6 worth of $CRV short positions were liquidated at $1.029, signaling a surge in bullish momentum and possible trend reversal.
This liquidation indicates that bears are losing control as buying pressure intensifies.
Key Details:
Liquidation Amount: $3,624.6
Liquidation Price: $1.029
Market Context: This liquidation highlights strong demand, with bulls pushing prices higher and forcing shorts to exit.
Next Move:
For Bulls (Long Traders): The next resistance zone lies around $1.05–$1.07.
If CRV breaks above these levels, it could trigger a rally toward $1.10 or higher.
Consider entering on confirmed pullbacks or consolidation above $1.03.
For Bears (Short Traders): Wait for rejection candles at $1.05–$1.07 before re-entering shorts.
Be cautious as momentum currently favors bulls.
Stop-Loss Suggestions:
For Longs: Protect your position with a stop-loss near $1.00, just below key support.
For Shorts: Place a stop-loss above $1.08 to limit losses if the bullish breakout strengthens.
$CRV is heating up—stay vigilant as the battle between bulls and bears intensifies!