【$CRV Signal】Short squeeze continues, 1H level strong consolidation, breakouts to be followed!

$CRV The 1H level has entered a strong sideways consolidation after a 33% surge, with prices oscillating narrowly around 83.7-84.0. The 4H level has formed a three consecutive bullish candles breakout pattern, with EMA20 (71.35) and EMA50 (66.29) in a perfect bullish alignment. Currently, RSI 14 is as high as 87.61, indicating overbought conditions, but in the hot coin short squeeze scenario, overbought can be alleviated by sustained capital inflow. Market depth shows a massive accumulation of sell orders at 83.92 (219.11), which is a key resistance. Market logic suggests “price rising, consider position size,” while open interest remains stable, indicating not a short squeeze panic but rather accumulation after main force control.

🎯Direction: Long (Long)

🎯Entry/Orders:

1. Aggressive entry at current price: 83.75-83.85 (Reason: Lower boundary of strong consolidation zone, betting on direct upward attack)

2. Breakout order (Buy Stop): 84.05 (Reason: Breaks through massive sell pressure at 83.92, confirming short squeeze continuation)

🛑Stop loss: 81.50 (Reason: Falls below the low of the 4H bullish candle body at 81.13 and ATR(2.94) lower band)

🚀Target 1: 87.50 (Reason: Previous high resistance and psychological level)

🚀Target 2: 91.00 (Reason: Based on the recent rally’s 1.382 Fibonacci extension level)

🛡️Trade management:

- Position size suggestion: Light position (Reason: RSI is extremely high, volatility is intense, risk is amplified)

- Execution strategy: If entering at current price, reduce 60% of position after reaching Target 1, and move stop loss to entry price for remaining position. If entering via order, reduce 50% after reaching Target 1, and move stop loss to 83.50 (a minor support after breakout).

Depth logic: After a sharp rise, open interest remains stable, indicating not just short covering but new long capital entering. Depth imbalance of -27.79% and buy order thickness significantly exceeds sell orders (except at 83.92), showing strong support below. Although no data at 1H, the 4H price-volume increase and balanced buy/sell ratio suggest healthy upward momentum. The core game is whether the price can violently break through the “city wall” at 83.92; once broken, resistance above is sparse, and the short squeeze will accelerate.

View real-time market 👇 $CRV

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