chris407

$trx bounce at .618 fib

chris407 Updated   
BINANCE:TRXBTC   TRON / Bitcoin
1. $Trx bounced on cue at the 618 fibonacci level at 496. Buy for my scalp executed at 500...will only scalp until break out is certain.
2. On my count this could be the final move down and we should be looking to see for a break out of the channel soon.
3. Entry placed at 542 i case channel breaches and is confirmed.
4. Tight stop will be used as BTC could definitely spoil any party in the short term.

Disclaimer: this is not financial advice. Do your own research.
Comment:
Still not triggered and totally fine with that with all the bull traps today. The slope of the downward line has changed but still keeping my entry at about 542. I'm done scalping this for now as it's way too narrow now ...unless we breakout in either direction.

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