CRON
has been consolidating in this range for months now, creating a very noticeable Bullish Triangle. Will be looking to enter at around $5.75 (triangle support).
Possible Outcomes:
- Triangle Breaks and follows thru to +- $8 area with a huge profit of +40%.
- Triangle fails to break, we fall back to the $6 (would sell before going bellow $6.30) where we sell for a small profit or breakeven. Do not hold on and make this a losing trade.
Share your opinion, comments and questions. Good Luck!
Risk Level: High.
I will keep updating this post.
Trade active:
In the trade at $5.76 before the close.
Trade closed manually:
Lots of sellers today, sold for a +10% profit.
Trade active:
Back in at $6.00 today!
Trade closed manually:
SOLD at $6.40 (+6.6%).
Comment:
Unbelievable performance today for CRON, up 13% right now!