Cronos: Not Far Now! 🏁👣
CRO continued its descent last week, making progress in line with our primary expectation. Now, it is not far from the green Target Zone between $0.0771 and $0.0571, into which we expect the price to dip to set the low of the green wave 2. Long entries could be made within the range, with stops around 1% below the lower edge to minimize risk. Once the low is in place, a reversal should occur, and the price should rally to well above resistance at $0.1230.
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