⚔️ $CROSS /USDT: Major Resistance Flip! Bulls Reclaim EMA 99! 🚀
The bulls have made a decisive move on CROSS! After a sharp drop to 0.1250, we have witnessed a powerful recovery. Most importantly, the price has just broken and closed above the critical EMA(99) (Purple Line) at 0.13262.
Here is why this chart is signaling a potential trend reversal:
📊 Technical Breakdown
The "Reclaim": Trading above the EMA(99) is a major bullish signal on the 1H chart. The price is now using this level as a floor rather than a ceiling.
Bullish Convergence: The EMA(7) (Yellow) and EMA(25) (Pink) are curling upwards and providing dynamic support right below the current price.
Momentum: The MACD is showing a clear bullish expansion above the zero line.
⚠️ RSI Alert: The RSI(6) is currently hot at 75.78 (Overbought). This suggests the initial breakout energy might fade slightly, leading to a healthy retest of the breakout level before the next leg up.
🎯 TRADE SETUP (Retest Strategy)
Since the RSI is high, the smart play is to wait for the price to come to us. We want to catch the "check back" to the EMAs.
Direction: LONG 🟢
Entry Zone: 0.13150 - 0.13280 (Targeting the retest of the EMA 99 and EMA 7 confluence).
Targets (TP):
0.13550 (Recent resistance)
0.13850 (Structure High)
0.14180 (Previous local peak) 🎯
Stop Loss (SL): 0.12850 (Below the consolidation zone and EMA ribbons).
💡 The Strategy: Watch the 0.13260 level closely. If it holds as support on the hourly close, the path of least resistance is UP towards 0.1400. If we crash back below the purple line, the setup is invalid.
Disclaimer: Crypto markets are highly volatile. This is technical analysis, not financial advice. Always DYOR and manage your risk strictly.
#cross