LijiLe

shorting tronzi, top is in!

Short
LijiLe Updated   
BINANCE:TRXBTC   TRON / Bitcoin
The clear wave structure, as long as tronzi cant not break the high of the wick, the analysis will be valid. Bearish divergence on multiple timeframe indicates the exhaustion of the buying pressure. The first target of C wave is around 540 sat, it might take weeks to reach there, be patient. The target of C is based on 1:1 extension from A wave, which coincide with the support.
Comment:
January 10, the volume climax usually indicates the top of the impulse wave, especially in bear market, stay safe tron army :)
Comment:
As expected, the peak is before the btt sale. Its just a marketing strategy that force retailers to buy high and sell low. All good, target is still 540 sat.
Comment:
i feel sorry for trx bag holders, but i wish you guys can learn something from this bear market, a few years later. not every coin regain all time high, bag holding shitcoin is normally not a good idea

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