CRO 4H – Full Spike Retrace Back to Macro Trendline Support

CRO on the 4H timeframe is currently trading around 0.06702 after a massive spike from the 0.0680 base all the way to a high near 0.0830 before a near complete retrace that has brought price back to the lowest point on this chart.

Price is now sitting directly on the long-term trendline support that has been the macro floor since mid-April, while simultaneously testing the 0.0670–0.0680 horizontal support zone that held as the base before the spike occurred.

The entire spike move has been fully given back.

Key Levels To Watch
0.0830 → Spike high, major resistance above
0.0760–0.0780 → Prior consolidation zone, resistance
0.0720–0.0740 → Minor resistance above current price
0.0680 → Horizontal support floor, current test
0.0670 → Trendline support, current confluence test
Below 0.0652 → Full breakdown, no support below

The confluence of the long-term trendline and the horizontal support floor at 0.0670–0.0680 makes this the most significant support area on the chart. This is the same base from which the entire spike originated.

A hold at this confluence zone would be the first sign of stabilization and could set up a recovery toward 0.0720–0.0740 and eventually back toward the 0.0760–0.0780 zone.
A confirmed breakdown below 0.0670 and loss of the trendline would push price into new low territory with no visible support below 0.0652.

This is a final support test at macro trendline confluence.

Hold 0.0670–0.0680 → stabilization possible, eyes on 0.0720–0.0740.
Lose 0.0670 trendline → breakdown confirmed, new lows below 0.0652.

Neutral at trendline confluence.
Bias only on confirmed hold or trendline breakdown.