This morning, $CVC surprisingly went up!
The end of the daily triangle is about to change, with 0.135 becoming a meat grinder for bulls and bears!
The CVC market is currently playing a heartbeat game, with the five-minute K locked in a fluctuation box between 0.135-0.1415, repeatedly drawing doors. The Bollinger Bands have narrowed to a gap of less than 2% between the upper and lower bands. The mid-band at 0.138 continues to exert pressure, but today marks three months since the CVC/USDC trading pair went live on Binance, and the main force is using liquidity expansion to play hedging tricks. The volume column is pressed down by the MA30 daily moving average, and the MACD is stuck below the zero axis like a sticky candy, making this trend even more uncomfortable than constipation.
Key level games are like knife fights, with the support level at 0.135 being tested three times today, hitting a low of 0.131 but quickly bouncing back. The traces of the dog dealer defending the market are clearer than the K-line. The upper pressure level at 0.145 is stacked with three months of trapped positions, and on-chain monitoring detected that a giant whale transferred 10 million CVC to Binance early this morning, which is equivalent to 1.415 million dollars of dumping ammunition at the current price. The contract battlefield is even bloodier, as the Binance perpetual funding rate suddenly turned positive to 0.03%, necessitating caution against the obvious bait and kill tactics.
The technical aspect shows a strange resonance, with the RSI on the four-hour chart dulling three times in the oversold area, while the CCI value on the daily level has dropped below -120, a bottom divergence structure not seen for three years. Combined with the AI model alerts from the blockchain world website, CVC has been fluctuating in the 0.13-0.15 box for 17 trading days, and the countdown to the triangle's end change has begun. I have directly raised the stop-loss for my long position to 0.132, with a short position waiting at 0.148 to catch false breakouts. It’s better to hang a grid to eat the fluctuations than to chase the current price.
The giant whale on-chain moved over 5 million coins and immediately ran away. In this market, opening a position without a stop-loss is equivalent to giving the dog dealer a year-end bonus.
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