Setup: As BTC is having no signs of reversal currently, it is time to take advantage of this window and short some coins. TRX is one of them. TRX is bearish on 1h, 4h and daily timeframe, increasing the probability of success for this trade. It also breakdown from its daily support.
Entry: We will wait for a macd to cross up and then cross down again before we enter the trade. This will be ideally the 1 h 20 EMA
SL: We will trail using 1 ATR above the 50 EMA
TP: The next daily support at 0.0563975
Entry: We will wait for a macd to cross up and then cross down again before we enter the trade. This will be ideally the 1 h 20 EMA
SL: We will trail using 1 ATR above the 50 EMA
TP: The next daily support at 0.0563975
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.