TRON still looking good

Tron has still not broken the consolidation zone on this setup and remains a valid BUY trade. If price dips below the lower horizontal line it will invalidate this setup.

Reasons to consider a BUY trade on a confirmed breakout of the consolidation zone:

  • Pattern complete with a defined consolidation zone
  • Falling wedge pattern on RSI (divergence appearing)
  • Risk to reward meet's criteria and allows multiple profit taking targets

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Order cancelled: Looks like no trade here. Probably turn into a falling wedge pattern, which means further downside expected till it finds a bottom.


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