【$CRV Signal】Long and short battle, patiently waiting for 1H level direction choice

$CRV The 1H level is oscillating narrowly between 0.238-0.242, currently in a brief consolidation period within a downtrend on the 4H chart. The price repeatedly struggles around the 1H EMA20 (0.2404), with the bulls and bears temporarily balanced. The 4H level remains in a downward channel, but the latest 4H candlestick shows a long lower shadow, indicating buying support around 0.233. Open interest remains stable and has not decreased significantly with the price drop, suggesting that the main players have not fully exited. This is a typical end of convergence, about to turn into a trend reversal.

🎯 Direction: Wait and see (Pending order strategy)

⚡ Breakout long order: 0.243 (Reason: Steady above 1H EMA20 and breaking through the upper boundary of the hourly oscillation zone)

⚡ Pullback long order: 0.236 (Reason: Retracement to the previous low support area on the 4H level, close to dense buy zones)

🛑 Stop loss: 0.233 (Reason: Breaking below the key support on the 4H level, trend weakening)

🚀 Target 1: 0.248 (Reason: Resistance at the lower boundary of the previous oscillation platform on the 4H level)

🚀 Target 2: 0.253 (Reason: Confluence resistance from the 4H EMA50 and previous rebound high points)

🛡️ Trading management:

- Position suggestion: Light position (Reason: The 4H trend is still bearish, this is a counter-trend rebound battle, risk must be strictly controlled)

- Execution strategy: If the pending orders are filled, reduce position by 50% after reaching Target 1, and move the stop loss to the entry price. The remaining position aims for Target 2.

Deep logic: Market depth data shows a large number of orders stacked between 0.236-0.233 (over 4 million USDT), forming a strong support. The 1H RSI is near the midline of 50, with room for upward correction. Market logic suggests that the price may decline but open interest remains stable, indicating it might not be main force distribution but rather long liquidation or shakeout. The key is whether the price can hold above the 1H EMA20 and increase volume, which is the first signal of a short-term trend reversal.

Check real-time quotes 👇 $CRV

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