$CRV /USDT BULLS RECLAIM CONTROL — STRONG BOUNCE FROM DEMAND ZONE!
$CRV/USDT has shown an impressive rebound after testing a key demand zone near $0.5340, flipping previous support into confirmation of buyer interest. The current price sits at $0.5493, and bulls are attempting to push price toward the next major resistance around $0.5723. A clear breakout above the recent lower high confirms renewed momentum in favor of the buyers.
Key Levels:
Support: $0.5340 – $0.5360 (demand zone)
Resistance: $0.5723 (previous local top)
Trade Setup (Long):
Entry: $0.5493
Take Profit (TP): $0.5723
Stop Loss (SL): $0.5347
Market Outlook:
Momentum is shifting bullish with volume picking up and a successful defense of the support zone. If price holds above $0.545, the bulls are likely to target the $0.57 area next. Watch for consolidation below resistance before potential continuation.
Risk Management:
Risk-to-reward ratio is favorable (~1.5+). Use position sizing based on capital and honor stop-loss placement to limit downside exposure. Avoid overleveraging in volatile conditions.
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