The $CVC /USDT pair has displayed a strong bullish trend recently, with a significant price surge of +25.27%. The current price stands at $0.1839, and the 24-hour trading volume is a healthy $79.73M.

Technical Analysis:

* Upward Trend: The overall chart structure indicates a clear uptrend. The price has broken above key resistance levels, suggesting strong buying pressure.

* Bullish Candles: The presence of green candlesticks confirms the bullish momentum.

* RSI (Relative Strength Index): The RSI is currently above the 70 level, indicating overbought conditions. This suggests a potential short-term correction or consolidation phase before the next upward move.

Trading Signals:

Short-Term (Scalping/Day Trading):

* Buy Signal: Consider buying on a dip near the support level of $0.1700. Place a stop-loss below the recent swing low and set a take-profit target at the next resistance level.

* Sell Signal: If the price retraces to the resistance level of $0.2000, consider taking profit or selling a portion of your position.

Long-Term (Swing Trading/Investing):

* Buy Signal: Accumulate more CVC on any significant dips towards the support level of $0.1700 or the 200-day moving average.

* Hold: Continue holding your existing position, as the long-term outlook remains bullish.

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