Correction From Local High → Major Support Reaction
Setup (LONG)
Pair: $CRV
/ USDT
Timeframe: 4H
Current Price: 0.4058
Market Structure:
After rejecting from the 0.4390 high, price moved into a corrective phase and is now reacting from the 0.39–0.40 support zone, which aligns with the higher-timeframe MA (99). Selling pressure is slowing near this level, suggesting a potential stabilization.
Entry Zone: 0.3950 – 0.4100
Bias:
Bullish above 0.4200 (4H close confirmation)
Targets:
🎯 TP1: 0.4250
🎯 TP2: 0.4400
🎯 TP3: 0.4600
Stop-Loss: 0.3850
Note:
As long as price holds above 0.39, the structure remains constructive. A strong reclaim and sustained hold above 0.42 can trigger bullish continuation toward the upper resistance zone.
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