CRVUSDT hit resistance, likely to puysh back for a while
BINANCE:CRVUSDT CRV / TetherUS
The price has hit the 4h resistance zone 4HR1. I would expect that the price will retrace from here a bit towards and max to the next 4h support area 4HS1.
Trade closed: stop reached:
This trade did not go as expected. The price move was with momentum and such moves are very precarious in terms of day trading as the price may pause at a resistance while moving up but the resistance might not provide enough retrace. Also in such a move, volatility acts against the day trading as price might spike briefly before heading again down to support. And that is what happened in this case. Overall trading against the trend and specially when there is such a momentum always results in low probability of success.