【$CRV Signal】Pullback to Long! 1H retracement confirmation, 4H strong breakout followed by consolidation

$CRV 1H timeframe experienced a violent surge yesterday and is currently in a healthy flag consolidation zone (81.5-84.5). The 4H timeframe has confirmed a breakout from a multi-week oscillation platform, turning the trend into a strong bullish. Currently, the 1H RSI has fallen from overbought territory to around 75, building momentum for another rally. The order book depth is significantly solid (depth imbalance 15.87%), indicating strong support below. Open interest remains stable, and the price is firm, which is a typical strong pullback in a bullish trend and an excellent opportunity for a second entry.

🎯Direction: Long (Long)

🎯Entry/Orders: Enter in batches at 82.80 - 83.20 zone (Reason: 1H EMA20 dynamic support + 0.382 Fibonacci retracement of the previous rally + upper boundary of dense trading zone )

🛑Stop Loss: 81.30 (Reason: Break below the lower boundary of the 1H consolidation platform and the 0.618 Fibonacci key support, trend may weaken )

🚀Target 1: 85.50 (Reason: Previous high resistance level, also the initial target on the 4H timeframe )

🚀Target 2: 88.80 - 90.00 (Reason: Based on the recent rally’s 1.618 Fibonacci extension and psychological round number )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: Clear 4H trend, well-defined 1H structure, favorable risk-reward ratio )

- Execution strategy: Use a staggered entry approach, placing orders at 82.8 and 83.2 respectively. After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry average price (break-even). If the price strongly breaks above 85.5, move the remaining stop loss to hold and aim for the second target.

Depth logic: The price surged over 30% within 24 hours, but open interest (OI) remained stable rather than skyrocketing, ruling out pure short squeeze and indicating sustained inflow of major funds. The 1H buy/sell ratio has risen to 0.54 in the latest candle, showing buy orders are becoming active again. The 4H RSI is as high as 86, overbought but sustainable in a strong trend. Focus on the 1H retracement entry opportunities. There is a large accumulation of buy orders in the 83.2-83.3 zone, forming a strong support wall.

View real-time market 👇 $CRV

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