Tron has had a really nice downward movement dumping from top and breaking nicely that 100EMA on daily timeframe.
Now that we have almost touched the 200EMA as well, we see a very serious pump and dump scenario here, which means we will most likely see a re-test of the broken. We will be looking at price action in that zone and be ready for any potential rejections to happen!
Swallow Team
Now that we have almost touched the 200EMA as well, we see a very serious pump and dump scenario here, which means we will most likely see a re-test of the broken. We will be looking at price action in that zone and be ready for any potential rejections to happen!
Swallow Team
Note
Tron is testing currently upper zones of resistance and 100EMA zone as well.
With that being said, we are looking for a rejection to happen soon, but we are keeping an eye on that middle line of Bollinger Bands, which might be tested as well!
Note
Tron has been reejected at the 100EMA zone, which has also been marked as our resistance zone.
The previous daily candle got closed below it, and the new one is already showing us some nice weakness (a good start for sure).
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.