Range tightening near resistance… breakout setup or liquidity trap?
$CRV /USDT – LONG
Trade Plan
Entry: $0.228 – $0.236
SL: $0.218
TP1: $0.245
TP2: $0.262
TP3: $0.285 (if momentum expands)
Why This Setup?
4H Structure: CRV is forming higher lows while pressing into $0.245 resistance — a compression pattern that often leads to breakout if buyers stay active. MA(7) trending above MA(25) confirms short-term bullish momentum.
Price Positioning: Holding above $0.23 zone shows buyers are maintaining control and not allowing price to revisit deeper support — early strength before resistance break.
Daily Context: On the higher timeframe, CRV is still in a recovery phase. If RSI reclaims the 50 level and sustains, this move can transition into a continuation leg toward higher resistance zones.
Volume Behavior: Volume gradually increasing near resistance suggests accumulation — buyers absorbing sell pressure instead of getting rejected.
As long as $0.219 holds, structure remains bullish and breakout above $0.245 opens upside toward $0.26–$0.28 liquidity zones.
Debate:
Is CRV building momentum for a clean breakout above $0.245…
Or will this turn into another rejection from resistance?
Trade $CRV here 👇
