nicostran
Long

Long on TRX/BTC 500+ sats in October target!

BITFINEX:TRXBTC   TRON / Bitcoin
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Here I am long TRX , my 3 profit targets are in green at the resistance zones, but tbh if you are in this coin for the midterm, I am just hodling until my second target, and will sell half there. But I really believe we will see 500 sats in October! Then, I will be happy :)

Good luck traders, nothing too technical here... If you want to see my previous analysis of TRX from a few weeks ago, I'm going to comment a link to it. So far, that analysis has been spot on! Now it's time to break the resistance at 400.

If TRX follows the trend of some other altcoins, it will only be a matter of time. But I am following BTC closely still.

Good luck traders! Enjoy
Sep 30
Comment:
Oct 02
Comment: Bullish Divergence on the chart.... 400 sats + soon
Oct 03
Comment: We are at a delicate point right now. If we go for another retest of support, it will become weaker, as this will turn into a beautiful ascending triangle. However, if this formation fails then we are looking at possible new lows.
However, I do not have a Stop-Loss for this trade. I put 5% my portfolio into this trade, and keep the majority in bitcoin. If it goes down, I will just have to wait it out or close the trade manually. I hope this does not happen :)

Good luck!
Oct 04
Comment: Tron is moving :)
Oct 07
Comment: Retesting resistance!!! Ascending triangle is written all over this chart right now!
We either break now or consolidate, make a higher low, and eventually smash through the 400 sats! I am hodling til 400s if not higher. Will update if/when I sell a portion of my bag
Oct 11
Comment: Price briefly touched out first target zone. Now it is retracing, and a retest of support is most likely. The shorter term uptrend line has been broken. Let's hope we can keep from making a lower low
Oct 11
Comment: perhaps this is a time of when a trailing stop would be beneficial
How about the stop lose ?
Thanks a lot
Reply
nicostran m.shihab1986
@m.shihab1986, You can try a trailing stop loss by 5% as I've heard, or you can see if it hits support. But... I do not use Stop Losses anymore. The true risk management comes from the size of your position. If you put in a responsible amount in each trade (3%-5%), then your risk is already managed :) and only make responsible trades :)
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