$TRX pumped to 0.3654 on Oct 30, then bled all the way down to 0.3020 by Nov 1.
Since that low it has been grinding higher, and it's now sitting at 0.3157.
Anyone watching this bounce?
Move: a full retrace of the spike, a sharp wick off 0.3020, then tight higher-low consolidation.
Profit zone: 0.3150–0.3160 while it holds.
Targets: 0.3267, then 0.3407.
Caution: 0.3267 was the pre-spike base, so expect sellers there. Rejection means the bounce is just a retest.
Support: 0.3099 first, then 0.3020. A close below 0.3099 invalidates the setup.
Risk-reward from 0.3157 to the 0.3267 target, with a stop under 0.3099, is about 1:1.8.
Patience beats chasing. 🎯
#Write2Earn #Write2Earn!
Since that low it has been grinding higher, and it's now sitting at 0.3157.
Anyone watching this bounce?
Move: a full retrace of the spike, a sharp wick off 0.3020, then tight higher-low consolidation.
Profit zone: 0.3150–0.3160 while it holds.
Targets: 0.3267, then 0.3407.
Caution: 0.3267 was the pre-spike base, so expect sellers there. Rejection means the bounce is just a retest.
Support: 0.3099 first, then 0.3020. A close below 0.3099 invalidates the setup.
Risk-reward from 0.3157 to the 0.3267 target, with a stop under 0.3099, is about 1:1.8.
Patience beats chasing. 🎯
#Write2Earn #Write2Earn!
