TradeCity Pro | CRV Testing Key Support Zone for Trend Reversal

👋 Welcome to TradeCity Pro!
In this analysis, I will be reviewing the CRV coin, one of the popular DEXs, with a market cap of $954 million, currently ranked 81 on CoinMarketCap.

📅 Daily Timeframe
In the daily timeframe, this coin is in an uptrend with a trendline, and the price has currently reached it.

🔍 In higher cycles, the trend of this coin is bullish. However, in lower cycles, after being rejected from 1.0971, a downward movement has started, and it has corrected to the 0.6359 level.

✔️ This level is currently overlapping with the trendline and forms an important support zone.

✨ If this PRZ zone breaks, we can confirm the bearish reversal for CRV, and a short position can be opened. This trigger is one of the first signals for a trend change, and the main trend change will be confirmed after breaking 0.4964.

📈 For a long position, we will have to wait until a proper bullish structure is formed. If the price moves sharply, we will confirm the bullish trend after stabilization above the zone.

❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.

Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.