CRVS a watch
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.
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2 comments
Troy Peterson
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CRVS a watch
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