Yesterday we gave TRX holders the chance to sell and buy back cheaper. Today we are looking to buy this pair and make a quick profit on the 60 Minute chart.
TRX/BTC has been falling for some time and has recently put in a Higher High (Circled in Red HH), and potentially a Higher Low (Circled in Red HL). We are seeing price pulling back from the high and bouncing off 0.00000476 support and the 20ema on the 60 minute chart.
If the current bar closes above the resistance at 0.00000491, I will buy the top of the bar and go long.
ENTRY: above this bar if closes above 0.00000491 Stop Loss: 0.00000470 Target 1: The 200ema. Trail Stop Loss up
For you to make Dollars your decisions need to make sense. This is a 60 minute chart trade. These trades are high risk, high reward. Please check this trade is right for you.
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WE didnt get an entry on this trade and its now expired
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If you did keep watching we have had a break of the level. Traders may already have taken some profit, or trailed SL up. If you are in the trade and need some help with management over the weekend please ask in the Telegram group as we may see that quicker
Thank you, sorry, I am not that experienced, what does target The 200ema means? Thank you!
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@rustynail79, The 200 EMA is the 200 candles unit Exponential Moving Average (EMA), the green line, in this case a resistance level. I have also created a TA on TRX, check out my profile.