$TRUST +23% in 24h. Is it just me or does this look like exhaustion at the top? ๐
A 36% surge in 37 hours put $TRUST up 23% on the day, so I took a closer look at the structure.
The break above 0.059 was tiny (9.7%) and 0.06471 got rejected straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.05368, the low of the earlier pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.06471 I'm out of this idea.
๐ My trade: short from 0.06056, stop at 0.064, target 0.05368 (+11.4%, 1:2)
Am I wrong? Tell me why below ๐
Follow for daily chart breakdowns ๐
Just my view, not financial advice.
#TRUST #Crypto #Trading
A 36% surge in 37 hours put $TRUST up 23% on the day, so I took a closer look at the structure.
The break above 0.059 was tiny (9.7%) and 0.06471 got rejected straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.05368, the low of the earlier pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.06471 I'm out of this idea.
๐ My trade: short from 0.06056, stop at 0.064, target 0.05368 (+11.4%, 1:2)
Am I wrong? Tell me why below ๐
Follow for daily chart breakdowns ๐
Just my view, not financial advice.
#TRUST #Crypto #Trading