DollarsAndSense

TRX is giving us a buy as it bounces off a bottom

Long
BINANCE:TRXBTC   TRON / Bitcoin
TRXBTC Hourly Chart

Hello followers,

TRX I am going to buy it with confidence.

On the Daily chart Following you can see we have hit a bottom, formed a double bottom and have seen some buying off the bottom. We have a base to build from.

It’s the hourly chart that interests me where we have seen a move up to a new high, and a pullback to the 50EMA (The Red line) and now another move up and Pullback to the 20EMA.

If this bar closes above the previous bar and above the 200EMA on the Hourly I will buy the first time that high is taken out. For the aggresive the option is to buy here. Its risky, but has great rewardv to risk ratio.

I will put my stop loss below the previous bar.
The first bar that closes in profit, I am going to take as Target 1 and bank some profit.

Blue lines are targets
0.00000425 Target 1
0.00000433 Target 2
0.00000440 Target 3


If we see a set up is a set up we should trade it because it makes sense.

"The individual investor should act consistently as an investor and not as a speculator." - Ben Graham
You are an investor, not someone who can predict the future. Base your decisions on real facts and analysis rather than risky, speculative forecasts.


Comment: Target 1 and 2 have been reached, we see some resistance and advance to target 3.

Remember always collect profits at each target and move up your stop loss
Comment: WE should have taken three profits on this so far, in whats been a lovely little trade in a market not giving a lot at the moment.

The first bar to close above our entry bar, and the first two blue dotted lines should all have seen profits banked. It means we should have little position left for this pullback. If you have pulled the SL up you have probably closed it all for profits. If not you have done well enough to sit this out and look for another leg up
Comment: Liking our trades is nice, but following us is the way to make more money
Trade active: Yon can trust Dollars and Senses even in tough markets to get you Profits. That should be all of our profits taken and banked, nice work all.
WE do have a pullback that may give us another entry. Follow us and we will keep you informed.
Trade active: Price has now smashed through our 0.00000473 Target and is just pulling back a little, this on news it has been added to Bittrex.
Comment: With TRX breaking through and now pulling back to the most obvious spot 0.00000473 level, a level that coincides with the 200 EMA on the 4 H Chart and the 50 EMA on the daily chart.
Its a place we will watch carefully for bounce to see if the next leg up starts here. If it does i have added some levels that may be of use to.
If we get a bounce the next Targets are just before the Blue dotted lines on my charts being 0.00000515, 0.00000544, 0.00000569 and 0.00000622.
Your likes are liked, but your follows are loved. We picked this first and gave you the key levels, Follow us to make more Profits.
Comment: We are looking good lets see if we make tit back to target 5 and advance on to target 6!
Trade active: This has been a great trade, with excellent progits already banked. TRX is rising again, and i will eave the last part of my trade to see if we can put in new highs and have a run at our extended targets.
Comment: TRX has fundamentals of a new exchange listing today it might be a short lived movement but its a movement where you can all bank some profits. Fundamentals are sometimes rumours so bank profits heavily....

I wouldn't enter tron if your not already in until we see a close over .00000421. Nothing is confirmed this is just for holders.

I would be selling 25% of gross at each target, targets will be same as first chart.

I would trail stop loss 4% behind price

Comments

How much below 475 level can we go before it is a No go ?
+1 Reply
it may be an stupid question, but what do you do with the targets?, for example, for the first case, did you setup a sell order at 425, then wait to by back, set another order at 433, then wait to buy back again and finally set an order at 440?
Reply
So tron went through the roof! any updates?
Reply
you nailed this! A look at ADA? Seems interesting and some alts moving well now.
Reply
@orbsatchel, Thanks for the comment and i will have a look at ADA thanks
+1 Reply
orbsatchel DollarsAndSense
@DollarsAndSenses, thank you!
Reply
Thanks DS! What are the targets now?
Reply
@Daniel0903, I have just updated targets, watch this level carefully for confirmation of direction
+1 Reply
Thank you DS
Reply
@greyhill, our pleasure
+1 Reply
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