Shotokhan

CRO breaking out or fake out?

KUCOIN:CROUSDT   Crypto.com Coin / Tether
4h volume seems to sustain this breakout, 1h and 15min volumes don't. This pattern usually it's bullish so I decide not to look at oversold RSI and rather focus on MACD and OBV.

My gut says this is going up but I'm not sure because lately I'm good only at shorting.

For a long I would wait for a retest at 0.1432-0.1436 USDT with a stop loss at 0.14, if price closes a 4h candle over 0.152 it's likely to keep going up 0.167.

If you wanna enter wait for confirmation.

good luck

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.