$CRV: Distribution Phase Ends: Downside Target Zone Set
SHORT SETUP CRV
Entry: $0.34450 - $0.34500
Stop Loss: $0.35700
Take Profit: $0.32025 (2R)
Key Levels: Support $0.34490 | Resistance $0.35490
Technical Analysis for $CRV: CRV fell below the 1hour support at 0.3449, confirming a short bias. Price sits under EMA21/50, while RSI is neutral and Stochastic K is overbought. Watch 0.3570 as the invalidation level; target 0.3200. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, adding pressure to altcoins.
SHORT $CRV
SHORT SETUP CRV
Entry: $0.34450 - $0.34500
Stop Loss: $0.35700
Take Profit: $0.32025 (2R)
Key Levels: Support $0.34490 | Resistance $0.35490
Technical Analysis for $CRV: CRV fell below the 1hour support at 0.3449, confirming a short bias. Price sits under EMA21/50, while RSI is neutral and Stochastic K is overbought. Watch 0.3570 as the invalidation level; target 0.3200. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, adding pressure to altcoins.
SHORT $CRV