CVC, will this level withstand pressure from sellers?

CVC is in the value area. It is worth pointing out that on every rise a large volume appeared at the top. This is a bad signal, a signal that big players are distributing their capital and selling at every opportunity.

From the technical analysis point of view, it is worth mentioning that the price has repeatedly tested the key level, which acts as support. Additionally, we can point out that the CVC also squeezes near this level. These are signals for a breakout. In case of a breakdown, there could be a good opportunity to sell.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Trade closed: target reached:

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