CRV is under attack! Should we buy it now❓Hi friends! CRV were hacked yesterday. Curve Finance has been compromised, the developers said. Users were urged not to use the platform site until further recommendations. The probable cause is an attack on the DNS server.
🚩 Usually, such news causes the weakest cryptocurrency holders to sell their holdings to the whales.
📊 Should we buy CRV? Of course we should, but if there is a clear set-up and a good rr. Also the DOM and Footprint indicators help me to find the best entry point. The largest orders by whales will be visible using these indicators.
On the chart you can see potential scenarios for opening a long. If Bitcoin makes a pullback, then regardless of the situation, CRV will fall too. So look at Bitcoin when making decisions, too.
📊 Preconditions to open a long:
🔥 weak hands sell the crypto on the bad news
🔥 volume growth on the falls - the big players buy the bottom and "hold" the price
🔥 squeeze to the trendline
🔥 bullish BTC
🔥 DOM and Footprint indicators confirm the whales orders
Now the $1.22-1.30 value area is a strong support, but if the price break this area down, the closest support is a key level of $1.09. There also we ave to look for the same preconditions.
📊 The targets:
1️⃣ $1.95-2.11 - the value area, closest resistance
2️⃣ $2.76 - the key level
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
