Price action on CRV has officially broken out of a 12-day range and is now retesting the range high, which has flipped into support. This level holds significant weight due to its alignment with the VWAP SR zone, making it a strong area of interest for potential continuation.
VWAP SR and previous range high acting as support
Above-average volume confirming breakout momentum
This current retest is critical — holding this region keeps the breakout structure intact and opens the door for a 20% rotation toward the daily SR resistance above. If buyers continue stepping in here, momentum should carry the move forward. However, failure to hold this support could mean a deviation and a return to equilibrium, so risk management remains key.
VWAP SR and previous range high acting as support
Above-average volume confirming breakout momentum
This current retest is critical — holding this region keeps the breakout structure intact and opens the door for a 20% rotation toward the daily SR resistance above. If buyers continue stepping in here, momentum should carry the move forward. However, failure to hold this support could mean a deviation and a return to equilibrium, so risk management remains key.
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Disclaimer
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