TRX - Nice example how instrument looks before an impulse

16 thg 5, 2022

Tron is interesting coin because it's been in a game for a while.
After collecting liquidity from both sides coin created a range for over 5 days. If you look at the volume, it's decreasing, but don't let it fool you. Coin is still interesting for big guys since the collected liquidity hasn't been realised yet.
I expect an impulse. It can be either up or down, but all preconditions say that down is more likely.

⭐️ BTC bearish
⭐️ Global market is bearish
⭐️ 3rd touch
⭐️ Accumulation for 5 days
⭐️ Bulls trapped
⭐️ Liquidity was collected recently
⭐️ Under VWAP
⭐️ 50 ATR

Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.


Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum

What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones

17 thg 5, 2022

Đóng lệnh: dừng lỗ

Took 2% of profit, then caught sl at break-even.
Instrument made false break down, but I will come back to this idea later