Jun. 12 at 7:45 PM
$CRNT Key Observations from the 4-Hour Micro-StructureDefending the Counter-Trend Line: The price aggressively bounced off the
$2.75–
$2.80 zone (the late May support base). This secondary bounce is higher than previous localized dips, signaling underlying accumulation.Intraday Momentum: The final candlestick shows a steady climb back to
$2.975 (+1.88%), pushing directly against the psychological
$3.00 threshold.The Volatility Squeeze: The swing highs are getting lower (
$3.29 →
$3.22 →
$3.10) while the swing lows are getting higher (
$2.75 →
$2.80). This structural tightening indicates a symmetric triangle or wedge format, which usually breaks out violently once compressed to its apex.
