CRV LONG SCALP

🧠 Refined Trade Setup (Long)
Entry Price: ~0.6416

Stop-Loss: ~0.6350

Take-Profit Target: ~0.6943

Risk-Reward Ratio: Approximately 1:4 – high potential reward relative to risk.

🔍 Key Technical Details
Support Level: Clear and strong support at 0.6402, marked on chart.

Multiple tests of this level suggest possible bottoming or accumulation.

Trendline (Bearish): Still intact. A break above that downward-sloping red dotted line would be a bullish signal.

📈 Indicators
RSI (Middle Panel):

Currently around 39.7, still in the bearish-neutral zone.

Not oversold, but close – suggesting some room for upside if a reversal starts.

MACD (Bottom Panel):

Histogram turning lighter green = bullish momentum weakening, possibly stalling.

Signal lines (green/red) are close together, possibly coiling for a move.

⚠️ Market Context
The setup is counter-trend (going long in a downtrend), which means extra caution is required.

A bullish break of the descending trendline would add confirmation to the setup.

Current price action shows tight consolidation above support—often a precursor to a breakout or breakdown.

✅ Bullish Signs:
Multiple support touches without breakdown.

Decent reward if the trade plays out.

Potential for trendline breakout.

❌ Bearish Risks:
RSI and MACD not clearly bullish.

No current breakout confirmation.

Could be a bear flag instead of accumulation.