Respect the trend.

24 thg 5, 2018

TRX certainly does. TRX broke another major trendline and bounced right off support. Again, watching price action, this isnt a major rejection and Im looking at a wedge formation for the day, as TRX bounces around inside

24 thg 5, 2018

Ghi chú

So TRX is following trend. if trendline (orange) breaks, expect buying pressure to come in on the previous support/resistance at 11750 and regain pressure on the trend (orange). If the 12300 resistance breaks, expect selling volume to come in at trendline (dark purple) and possibly test the 12300 for support.