$CRO #CRO 📉
Direction: SHORT
Entry zone: 0.0501 to 0.0503
Stop loss: 0.0510
Target 1: 0.0492
Target 2: 0.0485
Cronos is trading near 0.0502 dollars, down 1.99 percent in 24 hours, inside a range of 0.04994 to 0.05154. My reading is that this is a slow grind lower rather than a crash, because the recent closes drifted near the low, 0.05001, then 0.05000, then 0.04999, then 0.05024, which is buyers failing to lift price back toward the middle of the range. 📉 A short from the current zone, with a stop above 0.0510, targets 0.0492 first and then 0.0485 if selling continues. A recovery above 0.0510 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Cronos fall to 0.0492 first, or recover above 0.0510? 🤔
Follow for more trades.
#Cronos #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.0501 to 0.0503
Stop loss: 0.0510
Target 1: 0.0492
Target 2: 0.0485
Cronos is trading near 0.0502 dollars, down 1.99 percent in 24 hours, inside a range of 0.04994 to 0.05154. My reading is that this is a slow grind lower rather than a crash, because the recent closes drifted near the low, 0.05001, then 0.05000, then 0.04999, then 0.05024, which is buyers failing to lift price back toward the middle of the range. 📉 A short from the current zone, with a stop above 0.0510, targets 0.0492 first and then 0.0485 if selling continues. A recovery above 0.0510 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Cronos fall to 0.0492 first, or recover above 0.0510? 🤔
Follow for more trades.
#Cronos #Crypto #FuturesTrading #TradingSignals
