$CLV Finance is currently showing an exciting setup on the 12-hour chart, forming a falling wedge pattern, which is a bullish reversal indicator. If the price successfully breaks out of this pattern, we may see a strong upward movement. Here's everything you need to know:
Key Levels to Watch:
✅ Buy Zone:
$0.058 to $0.062
This range is ideal for entering trades. Wait for confirmation of a breakout before buying if you are cautious.
Targets (Take Profits):
1. $0.089
2. $0.108
3. $0.125
4. $0.145
Each target represents potential resistance levels where you can take partial profits.
Stop Loss:
$0.052
Set your stop-loss slightly below the lower support to protect your capital if the trade goes against you.
Why Falling Wedge Matters.
A falling wedge forms when the price moves in a downward trend, creating lower highs and lower lows within a narrowing range. This pattern indicates that the selling pressure is weakening, and buyers could soon take over, causing an upward breakout.
Strategy:
1. Wait for Confirmation:
Look for a strong breakout above the upper trendline of the wedge, preferably with high trading volume.
2. Enter the Buy Zone:
Buy in the range of $0.058 to $0.062.
3. Ride the Wave:
Aim for the targets listed above while securing your profits along the way.
4. Protect Your Investment:
Place your stop-loss at $0.052 to minimize losses.
Important Note:
Always do your research and manage your risk properly. Cryptocurrencies are highly volatile, so trade cautiously and avoid over-leveraging.
This setup looks promising, so stay alert for the breakout and trade wisely.
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