$CVC made a sharp impulsive move to the upside and is now pulling back into a tight consolidation, forming a clear lower-high structure after rejection from the local top. The current price action shows weakening momentum and a controlled distribution phase rather than immediate continuation, which keeps downside pressure active while price remains below the rejection zone………………….
As long as price stays below the descending resistance and fails to reclaim the breakout area, continuation toward lower support levels remains the higher-probability scenario, with sellers likely to stay in control on any weak bounce………………….
Trade Setup
Entry Range: 0.0455 – 0.0480
Target 1: 0.0420
Target 2: 0.0400
Target 3: 0.0382
Stop Loss (SL): 0.0495
CVC
0.04331
+7.36%