Extremely Low Risk/Reward. TRX short target is the 0.618 extension level. Let's go!
As you can see, the last 2 SELL Signals in this chart were not valid as the Slow Volume line on the Volume Indicator was NOT below the blue trendline. According to our strategy, we only BUY when above the Blue trendline on Volume and SHORT when below.
As you can see, the last 2 SELL Signals in this chart were not valid as the Slow Volume line on the Volume Indicator was NOT below the blue trendline. According to our strategy, we only BUY when above the Blue trendline on Volume and SHORT when below.
Note
I have increased my short position for TRX on the 5 minute chart hereNote
Added more profit targets (the 0.786 and the 2 green support lines.)TRON could fall hard. A head and shoulders is appearing on the 4 hour chart - this could be a complete reversal and BIG drop.
Why?
LUNA's UST coin was compromised, it dropped to $0.65. Likewise, TRON recently released a similar type of "algorithmic stablecoin". Who knows, something similar could happen (or FUD)
Note
The macro environment for crypto is not good right now . TRX could even fall mid term in a few weeks down to the low 0.05'sNote
Target reached - big profits!Trade closed: target reached
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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.