$CRV Long Liquidation Alert: $20.754K at $0.894
CRV just experienced a large long liquidation of $20.754K at $0.894. This shows strong selling pressure, but if support holds, we might see an opportunity for a potential price reversal.
Key Levels to Watch:
Buy Zone: $0.880 - $0.900
Look for price stability and signs of a bounce in this range before entering.
Targets:
First Target: $0.920
Second Target: $0.950
Third Target: $1.00
Stop Loss: $0.850
Action Plan:
1. Entry:
Wait for $CRV to stabilize around $0.880 - $0.900.
If the price shows a bounce or starts moving upward, consider entering the trade.
2. Targets:
$0.920: First resistance. Consider taking profits here.
$0.950: Second resistance level, book more profits.
$1.00: Longer-term target, keep an eye on this level for a possible breakout.
3. Stop Loss:
Place your stop loss at $0.850 to minimize losses if the market reverses.
Why It Could Be Bullish:
After the liquidation, if CRV finds support at $0.880 and begins to recover, there could be strong buying momentum.
A break above $0.920 could lead to a continuation towards higher targets.
Final Thoughts:
Always use proper risk management and wait for confirmation before entering. If the price shows signs of recovery, $CRV could offer great potential for gains!
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