$CRO/USDT 12h (#Bybit) Rising wedge on resistance

2 Mar 2022

⚡️⚡️ #CRO/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)

Current Price:
0.44340

Entry Zone:
0.44450 - 0.45820

Take-Profit Targets:
1) 0.41120
2) 0.38550
3) 0.35810

Stop Targets:
1) 0.48355

Cronos is facing 100EMA, it seems likely to reverse again and resume the retracement down after.

Risk/Reward= 1:1.25 | 1:2.05 | 1:2.9
Expected Profit= +26.70% | +43.77% | +61.98%
Possible Loss= -21.39%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 3x
Estimated Gain-time= 3 weeks

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

Website: crypto.com/en/chain

11 Mar 2022

İşlem aktif

First entry filled

Cronos got rejected as planned and broke-down the rising wedge, almost hitting 1st target.
We'll probably reach it later but you can already adjust SL to BE securing the trade!

11 Mar 2022

İşlem kapandı: hedefe ulaştı

TP2 reached with +43.77% (3x) and +2.05R

Cronos continued with the retracement down as forecast, pretty accurate result!
Final target is in play, SL adjusted to lowest entry (0.44450) anyway.