Earlier I asked whether thin green in a red tape was strength or a quiet exit. TRX answered.
TRX is 0.3191, +1.98%, 0.0006 below the 24h high of 0.3197. Funding is -0.0083%, so shorts are paying longs into strength.
That is the tell I wanted. But volume is still 39M, nowhere near the 143M from the sell day. Thin volume at the high is how fake breakouts start.
I'm not chasing 0.32. I want 0.3197 to break and hold on a retest before I add.
Do you take the breakout here, or wait for the retest?
#TRX #Binance
NFA. I trade my own book. DYOR.
TRX is 0.3191, +1.98%, 0.0006 below the 24h high of 0.3197. Funding is -0.0083%, so shorts are paying longs into strength.
That is the tell I wanted. But volume is still 39M, nowhere near the 143M from the sell day. Thin volume at the high is how fake breakouts start.
I'm not chasing 0.32. I want 0.3197 to break and hold on a retest before I add.
Do you take the breakout here, or wait for the retest?
#TRX #Binance
NFA. I trade my own book. DYOR.