I have been watching $TRX since last week and now price is actually sitting right at our zone. Here is the trade.
Entry: 0.3299-0.33188
TP1: 0.32427
TP2: 0.32096
TP3: 0.31765
SL: 0.33407
Price pushed into this zone on weak follow through and buyers just could not hold it above. That is the kind of rejection that tells you the move up was running on fumes.
Structure is turning heavy here and the risk is tight, SL sits close at 0.33407 so this trade is giving good reward for the risk taken.
You shorting this zone or waiting for it to confirm lower first?
position accordingly.
$TRX $BTC
Entry: 0.3299-0.33188
TP1: 0.32427
TP2: 0.32096
TP3: 0.31765
SL: 0.33407
Price pushed into this zone on weak follow through and buyers just could not hold it above. That is the kind of rejection that tells you the move up was running on fumes.
Structure is turning heavy here and the risk is tight, SL sits close at 0.33407 so this trade is giving good reward for the risk taken.
You shorting this zone or waiting for it to confirm lower first?
position accordingly.
$TRX $BTC