On the downtrend of TRX after its all time high it has shaped a bullish pennant pattern. This is a very risky trade as it could go either way at this point. It is a bullish signal forming this pennant but TRX has been on a rapid decend and could break through its support level around 700 satoshis.
If the support level of 700 sats is broken we can expect TRX to fall further down to around 500 sats.
The MACD looks like it wants to have an upward cross but this is not confirmed yet and as such still a risky trade.
Buy in: 0.00000750 - 0.00000900
Stop-loss: 0.00000680
Targets:
1 - 0.00001391
2 - 0.00001797
3 - 0.00002042
4 - 0.00002397
5 - 0.00002832
Make sure to set your stop loss as this could move either way fast!
Happy trading,
D
If the support level of 700 sats is broken we can expect TRX to fall further down to around 500 sats.
The MACD looks like it wants to have an upward cross but this is not confirmed yet and as such still a risky trade.
Buy in: 0.00000750 - 0.00000900
Stop-loss: 0.00000680
Targets:
1 - 0.00001391
2 - 0.00001797
3 - 0.00002042
4 - 0.00002397
5 - 0.00002832
Make sure to set your stop loss as this could move either way fast!
Happy trading,
D