CRV — Ready For A Free Fall?
CRV is currently trying to stay above the neckline of a head and shoulders pattern on the 1H chart.
A break below the neckline will inevitably trigger downtrend momentum and send the price toward 0.25 (or lower).
Especially if the broader market turns red during the next hours, CRV will be in massive danger.
Therefore, watching the neckline and shorting once it breaks below is certainly an option. However, due to today's volatility, such a trade bears a higher risk level and should only be executed with a tight stop loss.
A break below the neckline will inevitably trigger downtrend momentum and send the price toward 0.25 (or lower).
Especially if the broader market turns red during the next hours, CRV will be in massive danger.
Therefore, watching the neckline and shorting once it breaks below is certainly an option. However, due to today's volatility, such a trade bears a higher risk level and should only be executed with a tight stop loss.
I'm Ben. Crypto lover, trader, and coder.
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