šØ $CVC /USDT: Major Reversal Alert ā Entry Strategy and Key Levels šØ
The $CVC /USDT pair has shown a sharp reversal on the 15-minute chart, indicating renewed interest among traders. The price recently surged to a high of 0.1387 USDT before facing a quick rejection, currently stabilizing around 0.1324 USDT. This could be the beginning of a significant move, making it a critical time to strategize entries.
š” Support & Resistance:
ā¢ Resistance Zone: 0.1387 USDT ā A breakout above this level could trigger a rally toward 0.1450 USDT. If the price clears this zone, expect momentum to build up with potential gains.
ā¢ Support Level: 0.1250 USDT ā A fallback to this support could act as a buy signal for a possible rebound. Breaking below this level, however, might push the price toward the lower 0.1200 USDT zone.
š Long Entry Strategy:
ā¢ Entry: Enter around 0.1320 USDT upon confirmation of consolidation.
ā¢ Take Profit (TP): 0.1387 USDT, 0.1450 USDT, and 0.1500 USDT.
ā¢ Stop Loss (SL): Place SL at 0.1280 USDT to minimize downside risk.
š Short Entry Strategy:
ā¢ Entry: Look for entry around 0.1380 USDT if resistance holds strong.
ā¢ Take Profit (TP): 0.1320 USDT and 0.1250 USDT.
ā¢ Stop Loss (SL): Set SL at 0.1400 USDT to manage risk.
š® Outlook: CVC is at a decisive point; keep a close watch as momentum builds. Whether for a breakout or rejection, act swiftly for the best positioning!
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