Update after a zoom in to the 1-hour chart. Entry is posted and sooner than expected... There is also a rising channel on the one our chart that suggest the price action will continue North. While the RSI still shows room to run further south, a southern movement is likely to be quick and a reversal is likely.
I will:
Enter at 0.26
Exit at 0.265-0.266 (2%) and then wait for a further downslide
Typo on chart.... Ultimate exit is near .028 but inner 1 hour chart will breakdown the smaller upward channel. It is likely near 0.28 TRX will either break out with solid gains above or break down the larger rising channel and we look for support areas to grab retracement percentages.
Major support areas (like the 200 EMA on each chart) if they have not been previously tested and not accompanied by heavy volume are good locations to enter for small percentage points until a clear trend shows itself
Happy Trading
I will:
Enter at 0.26
Exit at 0.265-0.266 (2%) and then wait for a further downslide
Typo on chart.... Ultimate exit is near .028 but inner 1 hour chart will breakdown the smaller upward channel. It is likely near 0.28 TRX will either break out with solid gains above or break down the larger rising channel and we look for support areas to grab retracement percentages.
Major support areas (like the 200 EMA on each chart) if they have not been previously tested and not accompanied by heavy volume are good locations to enter for small percentage points until a clear trend shows itself
Happy Trading
