Crypto.com price shows a recovery as it attempts to produce a higher high above the August 25 swing high at $0.133.
This development could result in trapped bulls, especially if CRO heads down to collect liquidity below $0.0985.
A daily candlestick close above $0.133 with a higher low relative to $0.112 will invalidate the bearish thesis.
Crypto.com price is on a downtrend with no signs of stopping just yet. However, the recent spike in bullish momentum must have given buyers a wrong impression of a recovery rally as the downside objectives are still uncollected.
If bulls are not careful, they are likely to get squeezed in the coming days.
Crypto.com price plans to undo recent gains
Crypto.com price dropped 28% between August 14 and September 4, creating a swing low at $0.112. This downswing was followed by a quick recovery on September 4 with a 2.80% upswing over the next two days.
However, this move is temporary and likely to be reversed as market makers take CRO lower to collect...
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