Cro dump today back to $0.164Went into cro short earlier and early closed cutting my loss early. Now am repositioning at a more optimal entry. Trade direction is still down and setup is still valid.
Here is a relative good area to reposition short. Also, I'll likely tighten sl later on and scale in with the difference in risk
Cronos Approaches Key Trendline, Potential 30% Surge Toward 0.28Hello✌️
Let’s analyze Cronos's price action both technically and fundamentally 📈.
🔍Fundamental analysis:
In simple English:
Morpho’s launch on Cronos could make lending with BTC and ETH easier and boost CRO use for gas and collateral, a good sign for Cronos DeFi growth. 🚀
📊Technical analys
CroCro usdt daily analysis Time frame 4hours Risk rewards ratio =1.5
Target 0.2028$
Short position in short time
Cro has reached Target of my long position and continued to the green line that I drew before for my final target at this rally.
Now cro needs to reserve energy for another pump and reach
Cro short back to $0.17Hopped into cro short a while go.
Aiming for $0.17
Expecting continuation of downtrend
Roughly 2RR.
Sl: 0.18905
Time sensitive- And to the tradingview mods I don't have time to go into deep explanation-you guys not paying me. Just look at the chart for visual representation.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.