CRVS – 15-min structure read
What just happened
- True range expansion, not a grind
- Long base → sudden vertical repricing
- No overhead supply until the mid-teens
- Price discovery move, not a normal breakout
This is what a re-rating candle looks like.
Structure quality
- The move came after hours / premarket, not during chop
- That matters. It means new information forced repricing
- Pullbacks so far are tight and controlled
- No panic selling on the first red candles
This is strong behavior.
Where traders get trapped
- Anyone short below 10 is underwater
- Anyone who sold the first red candle is watching it hold
- Late shorts tend to lean in thinking “this is extended”That’s how squeezes continue.
Key levels that matter
- VWAP zone: ~14.60–14.80Lose that and the move pauses
- Acceptance zone: 15.00–15.50Holding here = strength
- Next magnet: 16.50–17.00 if volume expands
As long as it holds above VWAP, the bias stays up, not neutral.
What this is NOT
- Not a low-float scam pop
- Not a one-candle liquidity event
- Not something you fade just because it’s “up a lot”
This is a trend ignition, not a climax yet.
Trade mindset
- This is a pullback or consolidation entry, not a chase
- Best longs come after:
If it starts printing lower highs below VWAP, the story changes. Until then, respect it.