【$CRV Signal】Bullish Breakout! 1H Level Strong Short Squeeze, Main Force Protecting the Market Clearly

$CRV The 1H level has just completed a strong breakout above the previous high, with the price reaching a new high. A single large bullish candle on the 4H level confirms an upward trend. Although RSI has entered the overbought zone, open interest remains stable and funding rates are mild, indicating this is not purely retail FOMO but driven by institutional funds. Currently, the price is consolidating strongly around 76.6, rejecting a deep pullback—this is a typical short squeeze characteristic.
🎯Direction: Long (Long)
🎯Entry/Order: 76.5 - 76.8 (Near current price)
🛑Stop Loss: 74.8 (Below the previous 1H candle low)
🚀Target 1: 79.5 (Previous high psychological resistance)
🚀Target 2: 82.0 (Extension target based on ATR measurement)
🛡️Trade Management:
- Position: Light. Current volatility is extremely high; risk exposure must be controlled.
- Execution Strategy: After reaching 79.5, reduce position by 50% to lock in profits, and move the remaining position’s stop loss to the entry price (76.5). If the price strongly breaks above 80.0, move the remaining stop loss to 78.0 to aim for the second target.
(Depth Logic: Market depth shows a large buy order of 1636 coins stacked at 76.51, forming a strong support wall. Open interest remains stable, and during sharp price increases, there was no sudden drop in open interest, indicating shorts have not surrendered en masse. The short squeeze may continue. The 1H RSI is as high as 92, extremely overbought, but Hot Coin’s characteristics allow it to stay in the overbought zone. The key is whether momentum will fade. The current strategy is to follow the trend and target the squeeze, but tight stop losses are necessary to prevent a flash crash caused by profit-taking by longs. )
Check real-time market 👇 $CRV
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #比特币反弹