CLV/USDT Technical Analysis :

Bullish Breakout Setup and Key Targets

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The technical analysis of CLV/USDT on the 12-hour timeframe reveals a potential breakout setup. Here’s a detailed breakdown :

Symmetrical Triangle :

The price is forming a symmetrical triangle, signaling a potential breakout, with increasing consolidation near the apex.

Harmonic Pattern :

A bullish harmonic structure is emerging, strengthening the case for an upward breakout.

Support Zone :

0.10177 USDT – A key support level where the price may bounce.

Stop Loss :

0.06871 USDT – Positioned below the lower structure to mitigate risks.

Resistance Levels :

A breakout above the triangle could propel the price to higher levels.

Target Levels :

Target 1 : 0.30144 USDT (Potential 296% gain)
Target 2 : 0.40321 USDT (Extension point based on harmonic analysis)

Scenarios :
Bullish Breakout :

A breakout above the triangle could target 0.30144 USDT and 0.40321 USDT.

Bearish Breakdown :

A fall below 0.10177 USDT, especially under 0.06871 USDT, invalidates the bullish outlook.

Conclusion and Advice :
For traders, the safest entry is a confirmed breakout above the triangle. Ensure a stop loss at 0.06871 USDT to minimize risks, with take-profit levels at 0.30144 USDT and 0.40321 USDT. Monitor the price action closely for a potential surge.