CRDO | Pullback Into a Key Confluence Zone (Long)Credo Technology Group Holding Ltd.BATS:CRDOclaykilgoCRDO has pulled back into what I think is an important decision area around $255–260. The setup has several pieces of technical confluence: • 0.382 Fib: ~$257.66 • Current price: ~$259.90 • Rising 50DMA: ~$239.39 • RSI: ~58 ... positive momentum without being overbought • Price remains well above the 50DMA after reclaiming it during the recent recovery. I’m not treating $255–260 as an automatic buy. I want to see evidence that sellers are being absorbed, ideally an intraday hold, higher low, and/or reclaim after testing the zone. Bullish scenario: $255–260 holds → $275–277 → $289–290 → potential retest of the ^ $308 prior high. The first major test is $275–277, where the 0.236 Fib and prior price supply converge. A clean move through $289–290 would be much more significant because CRDO would then be approaching the upper end of its prior range and the ~$308 high. Invalidation / risk: A decisive loss of the $255 area would make me patient rather than force an entry. The next major daily confluence sits around $239–242, where the rising 50DMA and 0.50 Fib are clustered. So for me this is a confirmation trade, not a falling-knife trade: $255–260 = decision zone $275–277 = first resistance $289–290 = major breakout confirmation $308 = prior high Watching how buyers respond around the 0.382 retracement before taking the trade.