CRVUSDT is pulling back into a key liquidity zone around $0.60–$0.55. This area acted as prior resistance and is now being retested as support. A spike into this zone with a bullish reaction could offer a strong swing entry.Setup:
🟩 Liquidity Zone: $0.60–$0.55
Look for liquidity sweep and reversal signal within this zone. Key confluence with S/R flip and HTF demand.
🚫 Invalidation:
• Daily close below $0.50 = setup invalid
• Final defense at $0.4010 (monthly support)
🎯 First Target: $0.90+
Clear resistance above, likely to act as first take-profit zone if reversal plays out.
Plan:
• Monitor lower timeframes for entry trigger inside liquidity zone
• Favor patience and confirmation — this is a high-R setup if structure holds
📌 Classic SFP setup at support — risk defined, upside open.
Note
The chart played out as expected — price swept all local lows into the main liquidity zone ($0.60–$0.55), then reclaimed the range high with strong momentum.This was the exact scenario highlighted earlier: liquidity sweep, followed by a sharp recovery. Structure remains bullish as long as we hold above the reclaimed support. First target at $0.90+ stays in play.
Now watching for continuation towards the target zone. If price revisits the support, looking for fresh confirmation to re-enter. Plan remains unchanged: invalidation below $0.50, with $0.4010 as the last defense.
Momentum is back on the bulls' side after this textbook SFP and reclaim.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.