TRON Trading Opportunity, Increase your position before launch
Signals:
TRX/BTC showing signs of strength, high volume on top 5 exchanges.
RSI nearing 70
Stoch RSI tapering off
What you should do
Risky: Sell under the 0.786 retrace, or at 452 satoshis, and buy back in at support of around 390 satoshis
Safe: Sell at resistance of 403, at 0.5 retrace, buy back in at support of 390 satoshis.
Alernative: Ride the wave and sell during or after test-net pump at 514 sat target.
Reasoning:
This gamble can likely increase your TRX position by around 10% while you wait for the test-net pump
Please criticize me so I can improve my technical analysis. Thank you
TRX/BTC showing signs of strength, high volume on top 5 exchanges.
RSI nearing 70
Stoch RSI tapering off
What you should do
Risky: Sell under the 0.786 retrace, or at 452 satoshis, and buy back in at support of around 390 satoshis
Safe: Sell at resistance of 403, at 0.5 retrace, buy back in at support of 390 satoshis.
Alernative: Ride the wave and sell during or after test-net pump at 514 sat target.
Reasoning:
This gamble can likely increase your TRX position by around 10% while you wait for the test-net pump
Please criticize me so I can improve my technical analysis. Thank you
Comment:
This idea did pan out for the first few days as expected, however in a much shorter time than expected. TRX is looking to be one of the fast movers, next TA's will learn from this.
