CVC/USDT - dropping down to the four hourly we can see the counter trendline has been breached also I am entering a small position here with bids layered Down towards $0.5
Entry - $0.5-0.54 after a daily close above $0.54
Stop loss - there are two ways to play this - a tighter stop loss below the recent hourly low at $0.49 or a looser stop or a stop loss below the trendline and 4 hour horizontal support below $0.465 - I will leave you to decide your risk appetite
Targets - TP1 - $0.59 TP2 -$0.64 TP3- $0.7
Due to the possibility of this on the longer term going into price discovery I will be taking this trade on spot. Trade safe and at your own risk
