📉 Altcoin $CRV — short rejection setup
Price made a sharp push into the liquidity / resistance zone around 0.2335 – 0.2440 and got rejected, forming a local bearish reversal candle / wick rejection on H1.
The move looks like a classic liquidity sweep followed by seller pressure.
📊 Price is still struggling around the short-term moving averages, while the higher EMAs below act as support — meaning this is likely a short-term scalp unless support breaks.
📈 The recent spike in volume near the top suggests distribution rather than clean breakout continuation.
💡 Technical scenario
🎯 Short entry zone: 0.2328 – 0.2345
🎯 Targets: 0.2300 → 0.2285 → 0.2275
⛔️ Stop-loss: above 0.2405
⚠️ If price reclaims 0.2345 with strong volume and closes above the liquidity zone, the short setup becomes invalid.
For now, this looks like a clean rejection from resistance with bearish continuation potential.