CRVUSDT I think over extended to the upside here with the caveat that BTC is not pumping right now. If it does, it totally invalidates this short. But I think we are at a long standing downward trendline. If it respect this point and gets rejected you can see we may grab a 2.5:1 RRR trade with a SL just outside the swing high on the 27th of March.
I have fractionally small limit short order of which one has filled spread between 0.54-0.5799 as I think if we go higher we only wick up. SL at 0.6198
Enjoy!
I have fractionally small limit short order of which one has filled spread between 0.54-0.5799 as I think if we go higher we only wick up. SL at 0.6198
Enjoy!
Note
Top of an s-curve on the 1D chart also I forgot to mentionNote
0.5824 matches the last drop on the way up or 7.99% from the swing high
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My Substack website provides my regular vlog establishing daily chart price trend bias for traders and investors to gain useful data.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.