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 fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.