$CRV Surge in price suddenly up!
CRV at 0.3103 quickly spikes to hit a daily-line level strong resistance zone. The 4-hour chart’s RSI has surged to 89, an overbought extreme, and is forming a top divergence with price. The MACD red bars are still large, but the fast and slow lines have opened too wide, indicating a strong need for a pullback. The KDJ three lines are showing an initial bearish cross at high levels in the overbought zone. After a short-term explosive surge, profit-taking pressure is huge. Mean reversion is about to trigger at any moment!
Entry: 0.3103
Stop loss: 0.3270
Take profit: 0.2602
$CRV - Empty 🔻
Enter the trade from below👇
CRV at 0.3103 quickly spikes to hit a daily-line level strong resistance zone. The 4-hour chart’s RSI has surged to 89, an overbought extreme, and is forming a top divergence with price. The MACD red bars are still large, but the fast and slow lines have opened too wide, indicating a strong need for a pullback. The KDJ three lines are showing an initial bearish cross at high levels in the overbought zone. After a short-term explosive surge, profit-taking pressure is huge. Mean reversion is about to trigger at any moment!
Entry: 0.3103
Stop loss: 0.3270
Take profit: 0.2602
$CRV - Empty 🔻
Enter the trade from below👇