$CBRS Buyers Have One Job: Hold This Zone
I’ve been watching $CBRS closely, and price has finally reached the demand zone I had marked earlier.
This isn’t a random entry for me. The 220.32–220.61 area is where I want to see buyers step in and defend the structure.
My trade plan:
Entry: 220.32478 – 220.60993
TP1: 221.49390
TP2: 222.17826
TP3: 223.20480
SL: 219.09863
The 4H structure is still holding, while the daily range is compressing around this demand area. That gives the setup room to develop, but the zone needs to hold.
The 15M RSI is around 51, so momentum isn’t overheated yet. Volume participation is also elevated, which makes this level worth watching rather than treating it like a random bounce.
For me, the setup is straightforward:
Hold the zone → reclaim nearby resistance → targets come into play.
If 220.32 breaks decisively, my bullish idea is invalidated.
Now the real question: Is this genuine accumulation, or just a trap before another leg down?
$CBRS
I’ve been watching $CBRS closely, and price has finally reached the demand zone I had marked earlier.
This isn’t a random entry for me. The 220.32–220.61 area is where I want to see buyers step in and defend the structure.
My trade plan:
Entry: 220.32478 – 220.60993
TP1: 221.49390
TP2: 222.17826
TP3: 223.20480
SL: 219.09863
The 4H structure is still holding, while the daily range is compressing around this demand area. That gives the setup room to develop, but the zone needs to hold.
The 15M RSI is around 51, so momentum isn’t overheated yet. Volume participation is also elevated, which makes this level worth watching rather than treating it like a random bounce.
For me, the setup is straightforward:
Hold the zone → reclaim nearby resistance → targets come into play.
If 220.32 breaks decisively, my bullish idea is invalidated.
Now the real question: Is this genuine accumulation, or just a trap before another leg down?
$CBRS