🥴$CRO Day Trading Plan and Review [$DXY, $BTC move as expected]Current position: LONG $CRO
My analysis from yesterday was pretty spot on, even surprisingly to myself! 🤣 Makes me happy either way. The intuition that Gann Fann analysis allows, along with volume profiling and general understanding of market movements after having been trading now for the past 3 years seems to slowly be paying off.
The main level's and ranges i'm watching for $CRO are as follows...
.1250 - .1265 is 'accumulate shorts' zone
.1169 - <= .1180 is accumulate longs; zone
Ultimately I anticipate a pull back to the golden pocket around .12175-.1220, sooner or later, before the #Jacksonhole speech. If we don't bouncer there, expect a further pull back into .1160-.1180 range, maybe as far back as .1140, before hitting a decent spot for retracing back upward again once we have whatever news we might have from #JeromPowell and the #FED.
If we fail the .1230 level today, expect blood in the streets. We will almost certainly be heading toward the golden pocket around .1220, as mentioned. It would mean we've left the rising wedge structure we've been bouncing around the past week or so, and this usually implies a continuation to the downside.
Honestly, I do expect that the next 2 weeks will continue to be bearish and we're likely to see touches within those lower ranges. I don't like it, but it's what i'm seeing in the charts.
There's a ton of support in the charts around .1169 -.1180 though, so at least there's that. It's where i'm looking to accumulate a larger long position again. With only smaller trades here and there along the way as we process the daily volatility before the month closes tomorrow end of day.
Good luck everyone! Watch the video's for more. Check my profile 👇🏼👇🏼👇🏼 for other information, and don't forget to let me know what you think with a like and subscribe! Be safe out there and do your own research too, ofc. Seeeee ya!
