$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
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 filledCryptoCom 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 +1.2RCryptoCom 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 +2.1RCryptoComCoin continued bearish, SL moved to lowest entry now (0.48675)
Trade closed: target reached
TP3 was reached with +63.55%% (5x) and +3.1RCryptoComCoin dumped so much more than expected, we hope that helped you not to suffer the downtrend too much!
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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.