CRV's current price is 0.685. We have broken through the order block (shown in red below) on the one hour time frame. An indication of bullish movement would be a valid retest of this order block. As price makes its way down with the rest of the market, we can anticipate a retest. Note the fair value gap at $0.671, just inside of our OB. This could be a potential zone for a retest and upward movement. If confirmation is given I will enter via limit order with a stop loss placed below the entirety of the order block.
Tentative positioning
Entry: 0.671
TP: 0.859
SL: 0.643
Will update if/when order is executed.
Tentative positioning
Entry: 0.671
TP: 0.859
SL: 0.643
Will update if/when order is executed.