【$CRV Signal】Bullish Breakout! 1H Strong Short Squeeze, Main Force Support Clearly Visible

$CRV The 1H timeframe has just achieved a strong breakout above the previous high, setting a new high. The 4H timeframe shows a massive bullish candle establishing an upward trend. Although RSI has entered the overbought zone, open interest remains stable and funding rates are moderate, indicating this is not purely retail FOMO but driven by institutional funds. Currently, the price is consolidating strongly around 76.6, refusing to undergo a deep correction. This is a typical short squeeze characteristic.

🎯Direction: Long (Long)

🎯Entry/Order: 76.5 - 76.8 (Near current price)

🛑Stop Loss: 74.8 (Break below the previous 1H candle low)

🚀Target 1: 79.5 (Previous high psychological resistance)

🚀Target 2: 82.0 (Extension target based on ATR measurement)

🛡️Trading Management:

- Position: Light. Current volatility is extremely high; risk exposure must be controlled.

- Execution Strategy: When the price reaches 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 up to 78.0 to aim for the second target.

(Depth Logic: The order book shows a large buy wall at 76.51 with 1636 coins stacked, forming a strong support. 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 overbought for a while. 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 longs. )

Check real-time market 👇 $CRV

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