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Woer
Jan 15, 2018 8:31 PM

TRON Falling Wedge (Reversal) 

TRON / BitcoinBinance

Description

As TRON reached All Time High after bullish run, we stepped into correction.
Tren might see a reversal, as TRX run off out sellers, and buyers step in, either at close end of the Wedge or close to major Trend Line.
Comments
crypto_rse
Is 550 some sort of support line?
crypto_rse
@rsedaaghi, Do you believe it will cross 550?
Woer
@rsedaaghi, The best entry point would be 450 sat. (at trend line). But price might not fall that low. With stop-loss somewhere below that line.
Also take a notice of that Wedge upper falling resistance line, we might see breakout right there.
crypto_rse
@Woer, Thanks for your advice. :)
crypto_rse
@rsedaaghi, Is 450 a good zone for buying? :D
crypto_rse
@rsedaaghi, I'm new to crypto trading any ideas will be appreciated! :)
Woer
@rsedaaghi, Sure, remember to always play with stop-loss. There is no formation and tech. analysys that is right in 100% of cases. But if u follow the rules, u can minimize ur loss and maximize ur profits.
So set stop-loss and think how much u want to take in every transaction.
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