🟢$CRV/USDT POTENTIAL LONG TRADE SIGNAL – Initial Target $0.7530 🚀
CRV/USDT is currently trading around $0.7430 after a strong upward move, breaking above the upper Bollinger Band (around $0.7532). The RSI (14) is very high at 69.36, indicating strong bullish momentum that isn't yet excessively overbought but nearing those levels. If the price can sustain above the previous upper Bollinger Band, it could indicate continued upward momentum.
Trade Setup (Moderate Risk due to Elevated RSI):
• Entry Zone: $0.7420 - $0.7460 (Consider waiting for a slight pullback to the previous resistance if comfortable with more risk)
• Initial Target (TP1): $0.7530 ✅ (Previous upper Bollinger Band)
• Potential Further Target (TP2): $0.7650 🎯
• Stop-Loss: Below $0.7280 🛑 (Below the middle Bollinger Band)
Caution: The elevated RSI suggests a possibility of a pullback. However, the strong breakout indicates significant buying interest. Monitor volume for continued support. A break back below the previous upper Bollinger Band ($0.7532) could signal weakening momentum.
Disclaimer: DYOR and NFA.
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