đ $CRV Idea (4-Hour Chart) đ
â¶ïž Entry Zone: 0.3306 (Current price)
đ Stop Loss: 0.2935 (24h Low)
đŻ Take Profit 1: 0.3337 (24h High)
đŻ Take Profit 2: 0.3383 (Recent resistance level)
đ Analysis:
* The price is currently trading above the EMA(50) at 0.3032, indicating a strong bullish momentum.
* RSI(14) is at 63.7498, showing bullish momentum but nearing overbought territory, suggesting potential for some upside but also caution as it approaches higher levels.
* The MACD is slightly positive, with the histogram just turning green, which indicates a continuation of the bullish trend.
The current setup favors a continuation of the uptrend if the price can break through the recent resistance at 0.3337. Watch for sustained movement above this level to confirm further bullish action.
â ïž Caution:
* The price may face resistance near the recent high; consider partial profit-taking if it struggles to break above.
* Be cautious of a reversal if the RSI enters overbought territory without a strong breakout.
* Keep the stop-loss tight to protect against a sudden pullback.
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