$CVC The movement was sharp and sudden upwards, and it is now retreating to a narrow consolidation, forming a clear lower peak structure after the rejection from the local peak. The current price action shows weakness in momentum and a controlled distribution phase instead of immediate continuation, keeping the downward pressure active while the price remains below the rejection area................

As long as the price remains below the descending resistance and fails to reclaim the breakout area, the continuation towards lower support levels remains the most likely scenario, with sellers likely to remain in control of any weak bounce................

Trading Setup

Entry Range: 0.0455 – 0.0480

Target 1: 0.0420

Target 2: 0.0400

Target 3: 0.0382

Stop Loss (SL): 0.0495

CVCUSDT

Perp

0.0423

-3.09%

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