TRUUSDT has formed Reverse Head & Shoulders, A sigh of Reversal
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Hi Traders, TRUUSDT on the H4 formed a reverse Head & Shoulders. We also have a Bearish Resistance above the Neckline. So if the price broke above the Neckline and the Bearish Resistance, I would expect to go to another major Bearish Resistance just above 0.26
Another possibility is that the price would make a Pullback at 0.149 before it starts going higher.
On the H1 we have a better resolution of price action. Price has broken above the Neckline and has retested the it So at this moment we have a confirmation that the price might go higher to 0.202 and then to another major Bearish Resistance just above 0.26
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⬆️Buy at Resistance Breakout or Buy at 0.149
⭕️SL @ 0.12
✅TP1 @ 0.202
✅TP2 @ 0.26
✅TP3 @ 0.34
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TRUUSDT trade ideas
TRU, GOT PUMP?Salve
How you doing traders? are you shortin guys?
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sometimes it's better to have a wider view and don't panic in the crypto
where are those genius YouTubers now?
Ciao
Possibility of purchase on TRU / USDT and entry point D1TRU / USDT is in a triangle in the compression zone with an Rsi in the underbuy zone.
So this signal tells us that we are in a secondary uptrend and the dominant presence of bulls.
It is about to escape from the top following the bounce on point (E) with a resistance test zone
and another that follows the neck line to give way.
Once this one passes we will have the validation of a rise with a last previous resistance of confirmation in addition on pull back in order to move towards the last horizontal resistance.
Now the question is to know if we are going to breakout with force and especially volume the structure.
Buy in breakout or pull back if this scenario continues and reversal after the first hit line if the future market is no longer of long-term interest.
This is not investment advice but just recommendations.
Keep your point of view critical! Reduce your exposure, the market can change at any time.
Thank you for taking the time to read my analysis.
Comment in the description space on your ideas.
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TRUUSDT - AnalysisEngineeringRobo is bullish for TRUUSDT at the moment. If you consider buying wait for the daily close above the 0.5 area support line
As long as EngineeringRobo is bullish and the candles are above the uptrendline no need to hurry to sell it.
If you want to make the quick profit, you can sell it at the first resistance level (0.63 area support line) .
Otherwise, just follow the signals.