BertK88

TRX waiting for break-out

Long
FTX:TRXPERP   TRX Perpetual Futures
The market is under heavy pressure, but smart money is moving in opposite directions.

Macro:
- S&P500 testing bottom support
- IWO / IPO tech indices making higher lows
- BTC making higher low
- FED can't be too hawkish with a military and financial conflict
- GOLD developing bearish harmonics

TRX already tried to make an inverse head&shoulders on the daily, after breaking out of a falling wedge. See details on the chart.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.