$CRWV quietly pulled 3.6 points, and from the order book, the bulls are pushing but the funding rate is still zero. The upward momentum isn't driven by fees; it's purely active buying that's fueling this, which can easily fizzle out. Open Interest at 30k isn't heavy; if someone bails, it could crash.
I'm holding off for now. At 116, there's no volume to support this level; it's purely driven by sentiment. If I'm going to chase, I need to wait for a confirmation on the bounce back to the support line at 112 before I jump in, placing a stop-loss at 108 and targeting 122.
Jumping in now is just catching the sentiment wave, and I've taken too many hits from this kind of play.
Trade Tag: #BinanceFutures #TradFi #USDⓈM #CRWV #CRWVUSDT $CRWV
I'm holding off for now. At 116, there's no volume to support this level; it's purely driven by sentiment. If I'm going to chase, I need to wait for a confirmation on the bounce back to the support line at 112 before I jump in, placing a stop-loss at 108 and targeting 122.
Jumping in now is just catching the sentiment wave, and I've taken too many hits from this kind of play.
Trade Tag: #BinanceFutures #TradFi #USDⓈM #CRWV #CRWVUSDT $CRWV