Most expect a reversal, but $CBRS charts suggest caution.
Price dropped MOVE at -2.25% in the last hour on this perpetual contract. With the price at 111.83 now sitting below VWAP at 115.24 and EMA50 at 113.68, the trend is under pressure. ⚠️
If $CBRS holds support at 101.61, a test of resistance at 113.09 remains possible. However, if that level fails, we could see a slide toward support at 100.16. 🛡️ 🧐
What data point or price action would change your mind about this neutral outlook?
#CBRS #USStocks #BinanceSquare
⚠️ Perpetual contracts are leveraged derivatives, not the stock or commodity itself.
Not financial advice. Markets are volatile, so use stop-losses and only risk what you can afford to lose.
Price dropped MOVE at -2.25% in the last hour on this perpetual contract. With the price at 111.83 now sitting below VWAP at 115.24 and EMA50 at 113.68, the trend is under pressure. ⚠️
If $CBRS holds support at 101.61, a test of resistance at 113.09 remains possible. However, if that level fails, we could see a slide toward support at 100.16. 🛡️ 🧐
What data point or price action would change your mind about this neutral outlook?
#CBRS #USStocks #BinanceSquare
⚠️ Perpetual contracts are leveraged derivatives, not the stock or commodity itself.
Not financial advice. Markets are volatile, so use stop-losses and only risk what you can afford to lose.
