With strong volume backing the advance, CRV has risen more than 9% and is currently challenging resistance at $0.5496. Long traders may have a great chance here.
Important Levels:
$0.5496 is the resistance.
Support: $0.4973
Establishing a Trade:
1. Entry: Purchase around $0.5490 and wait for a rise above $0.5496.
2. Below $0.5400 is the stop loss.
3. Set Profit Objectives:
TP1: $0.5520
TP2: $0.5570
TP3: $0.5630
Evaluation:
Strong rising momentum is being seen by CRV, and additional gains could result from a break above $0.5496. Take caution when handling risk and keep an eye out for setbacks.
Last Word:
Before you enter, wait for confirmation. CRV appears to be ready for a breakout, but be careful with your trade.
