Keep in mind this analysis is geared more for investors as I think it is going to be difficult to try and trade TRX at this point as it is highly manipulated. I say this because you can see many many bot orders on Binance even before we reached this bottom area and every breakout we do get is quickly quashed giving us our failed breakouts. These failed breakouts forms the WXY (and ABCs) pattern and I suspect we will get a WXYXZ in the future so be very cautious of attempting to trade these false/ failed breakouts. This will likely mean we will trade sideways while the whales accumulate but when we do breakout it will be very violent. Please keep in mind this could take months to occur which is why I say this is more for the investor.
Buy zone: 350-420 sats
Stop loss: 300 sats
Target area is on the chart and for all the HODLERS out there you must have an exit plan or you will end up watching your long term gains erode especially if this does form.
Thoughts and feedback are appreciated and please like and follow for updates.
*This is not financial advice*
All credit to Haejin .