Long

CRO - Daily Bullish Momentum

Updated

has recently completed a pullback after grabbing liquidity below the last bullish base. Breaking the long-standing bearish trendline, the coin is now showing a strong potential for upward momentum. This setup suggests a good buying opportunity with a logical stop loss in place.
On the fundamental side, is nearing a significant milestone with the activation of its first-ever token burn mechanism as the community pool approaches 50 million CRO. This burn mechanism is designed to reduce the overall supply of the token, potentially increasing its value. As the Cronos ecosystem continues to grow and with the upcoming burn mechanism, CRO could be poised for a strong bullish phase

Note

All these pullbacks are setting up better entry points for CRO, setting the stage for significant potential profits. Keep an eye on this opportunity!

Trade active

The bearish trendline of the bullish flag has now been broken on CRO, signaling a potential for an upward move. The path for a rise appears clear from here.

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