CVC dumped -26.7% on 6.65x normal volume. That is not a correction — that is a liquidation event. 💀
$21.8M in volume when normal is $3.3M. Someone was exiting hard. Daily RSI at 85.7 tells the story: this was a parabolic move that is now unwinding violently.
For mean reversion traders, here is the short setup. But be warned — this is high-risk, high-volatility territory.
📊 Trade Plan (SHORT):
Entry: $0.0288 - $0.0342
SL: $0.0424 (above recent highs, strict stop)
TP1: $0.0279
TP2: $0.0271
TP3: $0.0259
Low R:R (0.3) — only for aggressive traders comfortable with volatility.
Whale shakeout or the beginning of a deeper unwind? 👇
#CVC #Civic #DYOR
⚠️ This is analysis, not financial advice. Always DYOR and manage your risk. Past performance does not guarantee future results.
$21.8M in volume when normal is $3.3M. Someone was exiting hard. Daily RSI at 85.7 tells the story: this was a parabolic move that is now unwinding violently.
For mean reversion traders, here is the short setup. But be warned — this is high-risk, high-volatility territory.
📊 Trade Plan (SHORT):
Entry: $0.0288 - $0.0342
SL: $0.0424 (above recent highs, strict stop)
TP1: $0.0279
TP2: $0.0271
TP3: $0.0259
Low R:R (0.3) — only for aggressive traders comfortable with volatility.
Whale shakeout or the beginning of a deeper unwind? 👇
#CVC #Civic #DYOR
⚠️ This is analysis, not financial advice. Always DYOR and manage your risk. Past performance does not guarantee future results.