$CRV / USDT – Long Liquidation Confirms Structural Weakness
CRV saw a $78.6K long liquidation at $0.309, indicating that buyers attempted to defend a fragile support level but failed. Once price slipped below the area, leveraged longs were forced to exit, accelerating the downside move.
This event reinforces seller control, as the market continues to struggle with overhead supply. Momentum remains tilted lower unless buyers reclaim structure decisively.
Potential Entry Zone:
$0.295 – $0.288
Downside Targets:
• Target 1: $0.275
• Target 2: $0.260
• Extended Target: $0.240
Protective Zone:
Stop-Loss: $0.320
A move above this level would weaken the bearish setup.
Market Bias: Short-Term Bearish
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