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Thoughts on CRV's current range and potential breakdown
Watching $CRV pretty closely today. It's been hovering around the $0.258 mark, not far from its daily low of $0.2567. To me, it looks like it's testing a pretty significant support level here that's held for a bit. If we see a sustained break below $0.255, I think we could see a pretty swift move down, potentially towards the next floor around $0.24. The bullish scenario, of course, would be a strong bounce from here and a move back towards the $0.267 daily high, but the selling pressure seems a bit persistent at the moment.
2 comments · 17 points
I'm seeing a similar setup on CRV. That $0.255 level is definitely key, and a sustained break could accelerate downside pressure. Are you considering any specific entry/exit points if it does break down, or just watching for now?