Tron (TRX) Called the last two trades perfectly. What now?
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TRX is definitely going way higher, but a retracement soon looks likely.
I believe this retracement will happen at the 980-1000 range, indicated by the yellow box. This idea is an extreme short-term play, so be warned.
(Also, the price of TRX is currently at 966, and it is 100% CERTAIN we reach the 980 mark based on the 15-30 minute timeframes.)
Why?
Because unless the TRX bulls push extremely hard, or the founder releases the tweet that is expected to come tomorrow, we will undoubtedly get a bearish divergence on the 1 hour, which has been accurate on calling all previous Tron retracements. This is for the extreme short term. But for the short-mid term, we are looking very bullish.
How to trade:
Sell at the 980-1000+ range, and be ready to buy back in if we do not correct (go down).
This is because Tron is extremely unpredictable and in most cases, we just hover below the resistance line before we break through. Perhaps sell and have a buy limit order at 1003 satoshis.
**IF** Tron does correct, the 900-923 satoshi range is not a bad place to get in. If not, we are probably going to see the same situation happen where it just goes straight up.
I will post my previous sell targets here:
1000-1081 satoshis
1200 satoshi level
1400 satoshi level (unlikely, but who knows)
Thanks for viewing! Please leave all criticisms in the comments below. I'd like to hear your thoughts.
Also, what do you think about Tron as a whole? Do you see it as trading pair for you to earn some money, or do you truly believe in the project and hold it for the long term? I just know Justin is a smart guy, and he can probably take TRX far in the short term.
I believe this retracement will happen at the 980-1000 range, indicated by the yellow box. This idea is an extreme short-term play, so be warned.
(Also, the price of TRX is currently at 966, and it is 100% CERTAIN we reach the 980 mark based on the 15-30 minute timeframes.)
Why?
Because unless the TRX bulls push extremely hard, or the founder releases the tweet that is expected to come tomorrow, we will undoubtedly get a bearish divergence on the 1 hour, which has been accurate on calling all previous Tron retracements. This is for the extreme short term. But for the short-mid term, we are looking very bullish.
How to trade:
Sell at the 980-1000+ range, and be ready to buy back in if we do not correct (go down).
This is because Tron is extremely unpredictable and in most cases, we just hover below the resistance line before we break through. Perhaps sell and have a buy limit order at 1003 satoshis.
**IF** Tron does correct, the 900-923 satoshi range is not a bad place to get in. If not, we are probably going to see the same situation happen where it just goes straight up.
I will post my previous sell targets here:
1000-1081 satoshis
1200 satoshi level
1400 satoshi level (unlikely, but who knows)
Thanks for viewing! Please leave all criticisms in the comments below. I'd like to hear your thoughts.
Also, what do you think about Tron as a whole? Do you see it as trading pair for you to earn some money, or do you truly believe in the project and hold it for the long term? I just know Justin is a smart guy, and he can probably take TRX far in the short term.
Ghi chú
It did get to 985, where I sold most my TRX. Right now I have a stop limit that buys if TRX goes past 985 but I am looking to re-enter anywhere below 965 for a >2% profit.Ghi chú
914 would be the ideal point for re-entry, allowing us to increase our Tron position by 7%. However, it could break up or down of the current pennant forming at the 940 levelĐóng lệnh: đạt mục tiêu
The buy order at 914 has been fulfilled for a 7.23% increase of our TRX position. New updates will come on a new chart.Ghi chú
My stop loss at 898 was broken through due to BTC bearish action. Currently waiting for bottoming patterns to buy back in.
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