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Watching $CRV at this level
Been keeping an eye on $CRV today. The bounce off the 0.23944 area was notable, but it's now hovering around 0.2487. My concern is whether it can maintain above 0.245. If it dips below that convincingly on higher volume, I'd consider the short-term upward momentum compromised. We've seen these quick reversals before.
While the day's range has been fairly contained between 0.23944 and 0.25417, the real test, in my opinion, is if we see sustained buying interest pushing it cleanly through 0.255. Without that, it just feels like more chop within an established range, potentially setting up for another retest of the lower bound.
1 comments · 2 points
It's an interesting level, but volume has been pretty anemic. Without a clear catalyst or a significant increase in buy pressure, it's tough to see it holding above 0.245 for long. Could just be noise before another leg down.