$CROSS lost the key moving averages after a false pump and will continue falling to sweep the stop-losses of long-position holders all the way to the $0.09868 support!
$CROSS - 🔴 SHORT · Conf 80%
Trading plan:
• Entry zone: 0.1035 – 0.1045
• SL: 0.1085
• TP1: 0.10122
• TP2: 0.09868
• TP3: 0.09500
Why this specific setup?
• The price has closed below the key moving averages EMA7 ($0.10429), EMA25 ($0.10552), and EMA99 ($0.10594) on the 1h chart, confirming a full reversal into a bearish trend.
• After the pump to $0.11343, there is a sharp drop in volume (VOL) on attempts to bounce, indicating a complete absence of buyers.
• On the heatmap below, a dense pool of long liquidation sits in the $0.1000–0.0950 range, acting as the main price magnet.
• A reliable stop-loss is placed beyond the EMA25/EMA99 resistance level ($0.1085) to protect against repeat squeezes.
Can sellers immediately break the local low at $0.09868 and move toward $0.09500?
⚠️ Analysis is for informational purposes only. NFA — manage your risk and DYOR.
$CROSS - 🔴 SHORT · Conf 80%
Trading plan:
• Entry zone: 0.1035 – 0.1045
• SL: 0.1085
• TP1: 0.10122
• TP2: 0.09868
• TP3: 0.09500
Why this specific setup?
• The price has closed below the key moving averages EMA7 ($0.10429), EMA25 ($0.10552), and EMA99 ($0.10594) on the 1h chart, confirming a full reversal into a bearish trend.
• After the pump to $0.11343, there is a sharp drop in volume (VOL) on attempts to bounce, indicating a complete absence of buyers.
• On the heatmap below, a dense pool of long liquidation sits in the $0.1000–0.0950 range, acting as the main price magnet.
• A reliable stop-loss is placed beyond the EMA25/EMA99 resistance level ($0.1085) to protect against repeat squeezes.
Can sellers immediately break the local low at $0.09868 and move toward $0.09500?
⚠️ Analysis is for informational purposes only. NFA — manage your risk and DYOR.
