$CRV This wave is indeed strong, but right now I actually don’t really want to chase it.
At the moment, it’s around 0.2616. In the short term, the EMAs are all still below the price, and the structure hasn’t broken.
But the level at 0.2723 above is pretty critical.
So I’m waiting for two things:
One is a pullback to 0.25–0.256 and see if it gets support there;
The other is a direct breakout above 0.2723—then whether it can hold after breaking out.
If it really holds, I’ll continue watching 0.285 and 0.30.
On the flip side, if it spikes up near 0.2723 and then gets hammered back down again, then I won’t chase.
I think the biggest issue with a position like this is:
You’re right about the direction, but you bought at the most uncomfortable spot.
So I’d rather make a little less profit than hard-chase at a resistance level.
My bias on CRV is still bullish, but I’d rather wait for a more comfortable entry point.
At the moment, it’s around 0.2616. In the short term, the EMAs are all still below the price, and the structure hasn’t broken.
But the level at 0.2723 above is pretty critical.
So I’m waiting for two things:
One is a pullback to 0.25–0.256 and see if it gets support there;
The other is a direct breakout above 0.2723—then whether it can hold after breaking out.
If it really holds, I’ll continue watching 0.285 and 0.30.
On the flip side, if it spikes up near 0.2723 and then gets hammered back down again, then I won’t chase.
I think the biggest issue with a position like this is:
You’re right about the direction, but you bought at the most uncomfortable spot.
So I’d rather make a little less profit than hard-chase at a resistance level.
My bias on CRV is still bullish, but I’d rather wait for a more comfortable entry point.