$CRO/USDT 12h (#Bybit) Ascending trendline breakdown and retest

Cronos is pulling back to 100EMA resistance when it would likely be rejected and continue with the downtrend.

⚡️⚡️ #CRO/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 10.6%

Current Price:
0.12160

Entry Zone:
0.12640 - 0.13350

Take-Profit Targets:
1) 0.11400
2) 0.10415
3) 0.09310

Stop Targets:
1) 0.14225

Published By: @TradingOn

Risk/Reward= 1:1.3 | 1:2.1 | 1:3
Expected Profit= +24.54% | +39.70% | +56.71%
Possible Loss= -18.93%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 4-5 weeks

Tags: #CROUSDT #CDC #CryptoDotCom #CryptoCom #CryptoComCoin #CEx #Payment #App #Earn #Wallet #DeFi

Website: crypto.com

Contracts:
#Mainnet

Comment:

TP1'd have been reached with up to +20.64% (2x)

Cronos instantly dumped after not being able to break above descending TL.
Timing was on point but entry a bit too opportunist, we may be filled later though!

Comment:

TP2'd have been reached with up to +37.82% (2x)

Cronos continued with the downtrend but just broke-out of a small falling wedge, short-term looks "reversally".

Comment:

Back up it went with +34.06% (2x)

Cronos just hit 100EMA on that leg-up, last forecast was right on point, we are still waiting for short entry.

Comment:

Would be up to +47.32% (2x) profit

Cronos missed our entry zone once again, too sad since it went down almost hitting TP3 after being rejected on 100EMA.