Extended Range
CRV has been ranging for almost week with no clear direction.
Price has respected resistance above $1.10 multiple times.
Obvious Liquidity Pool
Multiple equal lows are sitting at the $0.90 level, a textbook liquidity magnet.
Market makers are likely to target this area before any substantial move higher.
Short Entry
Short from just above $1.00, stop above the range high.
Target is a sweep of the $0.90 lows.
Next Steps
Watch for signs of absorption or reversal if price wicks below $0.90.
Consider flipping long if strong buyback or deviation forms after the liquidity sweep.
Reasoning
CRV has spent week ranging, building up an obvious set of equal lows. This is classic “liquidity sitting on a platter” for larger players. Short setups are favored while the range top holds, aiming for a stop run below $0.90. After the sweep, be open to a fast reversal or potential swing long if bulls reclaim the level.
CRV has been ranging for almost week with no clear direction.
Price has respected resistance above $1.10 multiple times.
Obvious Liquidity Pool
Multiple equal lows are sitting at the $0.90 level, a textbook liquidity magnet.
Market makers are likely to target this area before any substantial move higher.
Short Entry
Short from just above $1.00, stop above the range high.
Target is a sweep of the $0.90 lows.
Next Steps
Watch for signs of absorption or reversal if price wicks below $0.90.
Consider flipping long if strong buyback or deviation forms after the liquidity sweep.
Reasoning
CRV has spent week ranging, building up an obvious set of equal lows. This is classic “liquidity sitting on a platter” for larger players. Short setups are favored while the range top holds, aiming for a stop run below $0.90. After the sweep, be open to a fast reversal or potential swing long if bulls reclaim the level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.