This is my first public analysis of why I am of TRX these next few days/week.
I have been researching/learning/practicing for about 3-4 months now, so basically, I don't know shit.
Any and all critiques and advice are welcome and appreciated!
Bullish Tri-Star formation: potential sign of a reversal
Tri-star formation has the best performance when it is a part of a small downward retracement in a primarily upward price trend.
Piercing Line pattern:
A Piercing Pattern occurs when a candle on Day 2 closes above the middle of Day 1's candle.
Need additional indicators to confirm a , such as a break in the downward .
Lastly, squeeze alert!
This is a three-day reversal pattern. It was developed because of the frequent event where prices can break to the upside following this pattern, especially if the pattern is preceded by a strong downside move.
lower highs and higher lows consecutively
I will update this analysis as I watch TRX these next couple of days.
Within the next week:
Target 1: ~505 sats
Target 2: 600 sats
However, Piercing line and Bullish squeeze alert still remain.
Buy-in : 410 sat
SOLD target #1: 500 sats, ~22% profit trade
SOLD target #2: 600 sats, 46% profit trade
Took ~5 days, faster than expected of my within 1 week prediction.