【$CRV Signal】Hold Off on Positions and Wait for Clear Direction

$CRV In a prolonged downtrend, the market is consolidating at low levels with intense battles between bulls and bears, but the direction remains unclear.

🎯Direction: No Position (NoPosition)

Market Analysis: Price is oscillating narrowly between 0.225 and 0.236, with EMA20 (0.2388) acting as resistance above. On the 4H timeframe, support at 0.225 has been tested multiple times without breaking, but rebounds are weak, forming a contracting triangle.

Core Logic:

Open Interest (OI) remains stable, funding rate is slightly positive (0.01%), indicating no clear expectation of a one-sided short squeeze or long squeeze. Depth imbalance (6.99%) and bid thickness suggest institutional support around 0.225, but heavy sell orders above 0.236 also persist.

RSI (39.51) is in a neutral to weak zone, with no overbought rebound momentum. ATR (0.008) shows decreasing volatility, signaling an upcoming decision on the trend.

Key Contradiction: There is bid support below, but EMA trend pressure above and no influx of new funds (OI not rising). Currently, the market is in a chaotic balance between bulls and bears, lacking high-probability trading setups.

Trading Plan: Wait for the price to break out of this consolidation zone. A confirmed upward breakout and stabilization above 0.238 (EMA20) with rising OI could be a long entry. A breakdown below the key support at 0.225 accompanied by declining OI suggests a short position. For now, it’s best to stay on the sidelines.

Trade here 👇 $CRV

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