Although TRX gained important ground today to reassure us how strong this coin is, we are not out of the ditch yet. The rally today was a very important move to initiate an upper trend but we are still below our support target of around 760. we broke even though we reached that price, we couldn't maintain it. In order to see an ascending chanel, we need to stay above 650 and create support there.
At this point we are in danger of creating a and a reversal towards the 500s again.
Still think the best entry price is 750s on the way up and sell it at 900s and rebuy it at 750s again. If it stays above 900 keep it.
Major resistance around 750-775 (could retrace to previous price levels of 600s)
More updates will come as price develops
Although we are still looking to get down to the 500s levels, TRX had a breakout earlier and has maintained its horizontal movement. We could be looking at a "Kilroy" reversal but we must first stay above 500s, break first resistance at 750s then break second resistance at 900s. take some profit at 900s as we did before :)
Sorry for the sloppy lines, this is only a preliminary study.
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