CLV/USDT Analysis : Bullish Breakout and Retest
#CLV #Clvusdt #CLV/USDT #BullishBreakout #Write2Earn
Overview :
CLV/USDT has recently confirmed a bullish breakout, with a retest in progress. The 12-hour timeframe displays bullish divergence, indicating the potential for a strong upward move. The daily demand zone (orange line) acts as a critical support level.
Key Stats and Observations :
Current Price : $0.13772
Resistance Levels :
$0.156
$0.173
$0.189
Support Levels :
$0.116 (Daily Demand Zone)
$0.093 (Lower Support)
Technical Analysis :
Breakout Confirmation : The breakout above $0.133 signals strong bullish momentum.
Retest in Progress : The price is consolidating around the yellow box, making it a key re-entry point.
Bullish Divergence : Observed on 6H and 12H timeframes, suggesting upward momentum continuation.
Volume Surge : A significant increase in trading volume validates the move, emphasizing buyer interest.
Trading Strategy :
Entry Zone : Yellow box ($0.116-$0.133), coinciding with demand and volume accumulation.
Target Levels :
TP1 : $0.156
TP2 : $0.173
TP3 : $0.189
Stop-Loss : Below $0.116 to limit downside risk.
Conclusion and Pro-Tip :
CLV appears poised for a new bullish wave, with the retest offering an ideal entry opportunity. The demand zone (orange line) must hold to maintain momentum.
Pro-Tip : Monitor volume at support levels. Enter cautiously on pullbacks and avoid chasing price spikes. Patience during the retest phase is key to capturing the next bullish leg.