crypto_emu

One more level down for TRX

Short
crypto_emu Updated   
BITMEX:TRXH19   None
I got stopped out of my TRX short higher up and missed a level or two but it looks good for a retest of the upper trendline of the descending channel for a reasonably high probability short. Cloud in full bear mode, if BTC drops then we could see a wick straight through 500 sat.
Comment:
Wow, my hit rate of published ideas seems atrocious. I didn't actually take this trade, now looking to short one level up, expecting cloud rejection @ 610 - 620 sat.
Comment:
In hindsight this was certainly not as high probability as I was thinking, the overhead resistance was a weak one. TRX is looking a bit more bullish now, waiting for a sign of weakness before I look for shorts again.

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