I can't promise big profits for now, but I do see TRX eventually breaking the red resistance line that it keeps testing, and moving to test the 548 resistance level.
Whether that level gets broken is to be seen, however a safe bet if you are invested in this coin is to set a sell order for an amount of your position (I set 25% for this) just before this level. A safe bet would be 539, a more ambitious sell-order may be around 545. This ensures that even if price goes back down, you can buy back and get even more TRX coin.
Mid-Long term, I am bullish to the extent that higher price levels will be reached. This does not mean I necessarily believe they can be sustained. But a properly placed sell-limit order can earn us some nice profits.
Happy trading! :)
*** If you are in this coin, consider looking at some of the other altcoins if you haven't already. There are good opportunities all over right now.
Whether that level gets broken is to be seen, however a safe bet if you are invested in this coin is to set a sell order for an amount of your position (I set 25% for this) just before this level. A safe bet would be 539, a more ambitious sell-order may be around 545. This ensures that even if price goes back down, you can buy back and get even more TRX coin.
Mid-Long term, I am bullish to the extent that higher price levels will be reached. This does not mean I necessarily believe they can be sustained. But a properly placed sell-limit order can earn us some nice profits.
Happy trading! :)
*** If you are in this coin, consider looking at some of the other altcoins if you haven't already. There are good opportunities all over right now.
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So, TRX went for another retest, but once again was unable to break resistance
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If it can manage to form a higher low though, that would indicate a sort of ascending triangle, which is a bullish structure.
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First profit levels reached. Re-Enter right above 550