Technical analysis by candle_crafts about Symbol CRV: Sell recommendation (8/1/2025)

📣 Team, get this… CRV printed 5 green candles, triggered a golden cross, and suddenly every YouTube thumbnail said “TO THE MOON.” 🌝 That’s exactly the kind of retail trap we love to fade. This ain’t DeFi summer, it’s just overheated spaghetti. 🍝 🔥 TRADE SETUP Bias: Short Strategy: Retail Trap at Resistance Entry: $0.98 – $1.03 SL: $1.10 TPs: $0.78, $0.65, $0.50 Why? – RSI 83 + MACD maxed out = overcooked – LTF CHoCH after sweeping $1.03 – Positive funding across exchanges → ripe for short squeeze reversal – Retail buying golden cross = premium exit liquidity Candle Craft | Signal. Structure. Execution.🚨 CRVUSDT.P — Trade Update (Retail Trap at Resistance) Our Aug 1 setup is playing out as planned. Price tapped the $0.98–$1.03 supply, swept liquidity, and rejected back into the range. Short is active and in profit. Position Management •If filled 0.98–1.03: • Take a light partial around $0.92–$0.90 to pay fees + emotions. • Move SL to BE (entry) or just above the latest M15 lower high to protect the win. •Not in yet? No chase. Wait for a clean retest of $0.98–$1.00 after another sweep, or stand aside. Targets (unchanged) TP1 $0.78 → TP2 $0.65 → TP3 $0.50 Invalidation: $1.10 (clean reclaim/hold above = exit). Why we’re holding The pop into resistance was classic retail FOMO bait. LTF gave sweep → BOS down, confirming our trap thesis. As long as we stay accepted below $0.98–$1.00, momentum favors downside into TP zones.