CRV/USDT Perpetual Futures – Potential Long Trade Setup (1H, Binance)
Current Price: 0.687 USDT
24H Change: -9.36%
Timestamp: 11:02 UTC
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Market Overview:
The CRV/USDT pair has been in a sharp downtrend recently, showing a notable 9.36% decline in the last 24 hours. However, early technical signs suggest a potential reversal could be forming on the 1-hour chart.
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Entry Zone:
0.684 – 0.688 USDT
This area marks an early bounce zone after a sequence of red candles.
Increasing volume and wick rejection suggest potential for short-term reversal.
Take-Profit Targets (TP):
TP1: 0.715 USDT – Minor resistance and origin of the last breakdown.
TP2: 0.735 USDT – Previous consolidation base; likely to attract sellers.
TP3: 0.765 USDT – Strong resistance zone aligned with a high-volume node.
Stop Loss (SL):
0.665 USDT – Placed just below recent wick lows and structure support to protect against false bounces.
