CVCUSDT: Strong Bounce or Imminent Resistance?
Attention, traders of $CVC 🧐 We are seeing an interesting movement on the 5m chart that deserves analysis.
🔴 The Signal to Watch:
Although the price has experienced a bounce from the lows, most retail accounts (over 60%) are in Short (expecting a drop).
The Taker buy volume (green) has been significant in recent hours, surpassing the Taker sell volume, suggesting underlying buying interest.
The price has surpassed the MA7 and is approaching the MA25, indicating a possible short-term momentum shift. However, the MA99 remains above and could act as resistance.
The price base shows a recovery pattern.
Possible Long Strategy with Caution:
➡️ Entry: Watch the area of 0.11350 - 0.11400 USDT (looking for confirmation on the MAs).
🎯 Targets (TP): 0.11550 / 0.11700 USDT.
🛡️ Stop Loss (SL): Below 0.11280 USDT.
⚠️ This is not financial advice. Do your own research (DYOR) and manage your risk. The market can be very volatile in the short term.
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