🚨 $CVC ALERT: 𝗛𝗘𝗔𝗗 & 𝗦𝗛𝗢𝗨𝗟𝗗𝗘𝗥𝗦 𝗣𝗔𝗧𝗧𝗘𝗥𝗡 SIGNALING POTENTIAL DROP! 🚨
CVC is currently trading at $0.1604 after a -6.69% drop, and the classic Head & Shoulders pattern is clearly visible on the chart. This bearish formation suggests a potential trend reversal, with more downside possible.
🔍 Key Levels to Watch:
Support: $0.1500 ⚠️
Resistance: $0.1770 🚀
Breakdown Target: $0.1300 📉
📊 Trade Opportunities:
Bearish Scenario: If CVC breaks below the key $0.1500 support, we could see a sharp decline toward $0.1300, following the pattern breakdown. 📉
Bullish Rebound: If CVC holds support at $0.1500 and bulls take control, a bounce toward $0.1770 is possible. 📈
Given the strong pattern and current trend, CVC could face further selling pressure. Keep an eye on the critical support level at $0.1500 for any significant movement!
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