$CRO/USDT 4h (#Bybit) Head and Shoulders breakdown

⚡️⚡️ #CRO/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)

Current Price:
0.48070

Entry Zone:
0.48675 - 0.49725

Take-Profit Targets:
1) 0.46785
2) 0.44965
3) 0.42945

Stop Targets:
1) 0.51220

CryptoCom Coin lost 50MA support and is likely to retest it before further retracement down.

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.1
Expected Profit= +24.55% | +43.05% | +63.55%
Possible Loss= -20.55%

Fib. Retracement= 0.441 | 0.559 | 0.702
Margin Leverage= 5x
Estimated Gain-time= 10 days

Tags: #CROUSDT #Cronos #CEx #Payment #App #Earn #Wallet #DeFi #SolEco

Website: crypto.com

Contracts:
#Mainnet
#ERC20 0xa0b73e1ff0b80914ab6fe0444e65848c4c34450b
#SPL DvjMYMVeXgKxaixGKpzQThLoG98nc7HSU7eanzsdCboA
#Cosmos IBC/E6931F78057F7CC5DA0FD6CEF82FF39373A6E0452BF1FD76910B93292CF356C1

Trade active:

All entries filled

CryptoCom Coin got rejected on supply zone as expected and is heading towards targets now.

Trade closed: target reached:

TP1 reached with +25.55% (5x) and +1.2R

CryptoCom Coin broke-down the ascending TL and lost 100EMA support!
Bearish continuation is in play, SL adjusted to highest entry anyway (0.49725)

Trade closed: target reached:

TP2 reached with +43.05% (5x) and +2.1R

CryptoComCoin continued bearish, SL moved to lowest entry now (0.48675)

Trade closed: target reached:

TP3 was reached with +63.55%% (5x) and +3.1R

CryptoComCoin dumped so much more than expected, we hope that helped you not to suffer the downtrend too much!