CRV offers an exceptional Risk Reward Ratio here
CRV/USDT (Curve DAO)
Sector: Decentralized Exchange
Market Cap: $520M
The CRV token is currently on its lower support level, the one that had held its price before the 2021 run and which has held its price during the last two years of Bear Market.
The risk appears limited at this entry point by placing a Stop Loss below the support. The risk-reward ratio is exceptional if we manage to hold the support.
Another wise entry point would be to wait for confirmation of the underlying uptrend by making a new point higher than the previous one on the 3 Days timeframe, with a close above the downtrend line which has been acting as a resistance since summer 2022.
If we have indeed already found our bottom level, we will need to take profits all the way up, because selling all our tokens at the market's highest point is simply unhoped-for and the probability of getting there is close to 0, so secure a maximum of profit if you get the chance and don't let slip it away!
Sector: Decentralized Exchange
Market Cap: $520M
The CRV token is currently on its lower support level, the one that had held its price before the 2021 run and which has held its price during the last two years of Bear Market.
The risk appears limited at this entry point by placing a Stop Loss below the support. The risk-reward ratio is exceptional if we manage to hold the support.
Another wise entry point would be to wait for confirmation of the underlying uptrend by making a new point higher than the previous one on the 3 Days timeframe, with a close above the downtrend line which has been acting as a resistance since summer 2022.
If we have indeed already found our bottom level, we will need to take profits all the way up, because selling all our tokens at the market's highest point is simply unhoped-for and the probability of getting there is close to 0, so secure a maximum of profit if you get the chance and don't let slip it away!
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