$CVC
USDT BULLISH LONG SETUP
The $CVCUSDT 4โhour chart shows a sharp upward breakout after a consolidation, indicating strong ๐ฐ ๐ฑ ๐ฑ ๐ ๐ญ ๐ ๐ญ buying momentum. The candle pattern forms a bullish engulfing move with high volume, suggesting($CVC) continuation of the uptrend.
*Entry*: Long entry on confirmation above 0.05459 (breakout level)
*Targets (TP)*
๐ฆ1. TP1: 0.05621๐ข (first resistance)
๐ฆ2. TP2: 0.05750๐ข (extended bullish target)
๐ฆ3. TP3: 0.05900๐ข (final profit zone)
*Stop Loss (SL)*: Place SL below$ 0.04514 (recent swing low) to protect against reversal.
The market structure shows higher highs and higher lows, MACD would likely confirm bullish momentum, and volume spike supports the long bias. Traders should watch for sustained volume to maintain the uptrend.
*Risk Management*: Use 1โ2% of capital per trade, set SL at predefined level, and apply position sizing based on riskโreward ratio of at least 1:3. Manage exposure by scaling out at TP1 and adjusting SL to breakeven after reaching TP1.$CVC
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