$CVC is currently testing the upper boundary of a parallel channel on the 3-day timeframe. This signals potential momentum for a breakout, supported by strong price action. Here's a detailed outlook:

Key Levels to Watch

1. Resistance Levels (Targets):

First Target: $0.29

Second Target: $0.42

2. Support Levels (Buy Zone):

Entry Point (Buy Zone): $0.19–$0.21

This is the area where buyers are likely to step in.

3. Stop Loss:

Place a stop-loss at $0.17 to protect against downside risks.

Breakout Confirmation

Breakout Signal:

A strong 3-day candle closing above the parallel channel will confirm the breakout.

Volume:

Watch for increasing trading volume, as this will validate the breakout.

Strategy and Expectations

1. If Breakout Happens:

CVC could rally towards the $0.29 target, followed by $0.42 if momentum continues.

Gradually book profits at key resistance levels to lock in gains.

2. If Rejection Occurs:

Price may retrace to the buy zone near $0.19–$0.21, offering another entry opportunity.

3. Risk Management:

Always stick to your stop-loss at $0.17 to limit losses in case of market reversals.

Indicators to Monitor

RSI (Relative Strength Index):

If RSI breaks above 70, it indicates strong bullish momentum, but beware of overbought conditions.

MACD (Moving Average Convergence Divergence):

A bullish crossover will further confirm upward momentum.

Volume:

Higher-than-average volume during the breakout is crucial for sustainability.

Summary

Buy Zone: $0.19–$0.21

Targets:

Target 1: $0.29

Target 2: $0.42

Stop Loss: $0.17

Timeframe: 3-day chart

Stay disciplined and stick to the plan. Happy trading.

#CVC/USDT #BTCNewATH #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #BinanceLaunchpoolVANA