TRX had a downward spike in previous market movement, and we can look at this upward price movement as a correction (CP).
Price got close to the gray order block but didn’t get a chance to enter, but if you look closer, you can see it did a Double-top with the Pin-bar shown with the red line .. and made an excellent downfall after that .. now the price is near the dynamic trend line, and was looking for good spots to enter, Here are the instructions :
1 - Price goes up to the resistance shown with line 1, which is also near the neckline in lower timeframes.
2 - After that price moves back down to Line 3, which is a Support zone in his time frame and higher time frames.
3 - next, t price moves back up to line 2, which is a golden pocket
4 - and then goes to line 4, which is the last support zone in this time frame (support zone near the price ), and that’s where the whales are waiting for you
Please leave your comments, and let's talk and share some insights.
Price got close to the gray order block but didn’t get a chance to enter, but if you look closer, you can see it did a Double-top with the Pin-bar shown with the red line .. and made an excellent downfall after that .. now the price is near the dynamic trend line, and was looking for good spots to enter, Here are the instructions :
1 - Price goes up to the resistance shown with line 1, which is also near the neckline in lower timeframes.
2 - After that price moves back down to Line 3, which is a Support zone in his time frame and higher time frames.
3 - next, t price moves back up to line 2, which is a golden pocket
4 - and then goes to line 4, which is the last support zone in this time frame (support zone near the price ), and that’s where the whales are waiting for you
Please leave your comments, and let's talk and share some insights.
Trade closed manually:
This position has been closed manually with a small profit. I had my position open on the double top point and was risk-free.
The big lesson to learn :
In the crypto market, even a sound of a bug fart coming out of nowhere can move the market .. besides, I think the bull market for crypto is about to begin .. not now, Not TODAY .. but it's closer than what you might think. I'm giving you a slight hint here. .. to be sure of the bull market, Fed needs to cut down rates; otherwise, in the best scenario, we are moving in a trading channel in higher time frames .. 2 years from now, you look at the BTC chart, and say .. How could I Be so blind and not see these patterns and trading ranges and all of that ... with practice your eyes and mind will learn how to see and think out of the box .. and out of Stock Market MATRIX which this whole market is based on .. we think alike, we act alike, so they can predict what we're about to do and choose .. once you learn how to think and look another way there's going to be big money in your pocket.
Cus then you'll be unpredictable.
The big lesson to learn :
In the crypto market, even a sound of a bug fart coming out of nowhere can move the market .. besides, I think the bull market for crypto is about to begin .. not now, Not TODAY .. but it's closer than what you might think. I'm giving you a slight hint here. .. to be sure of the bull market, Fed needs to cut down rates; otherwise, in the best scenario, we are moving in a trading channel in higher time frames .. 2 years from now, you look at the BTC chart, and say .. How could I Be so blind and not see these patterns and trading ranges and all of that ... with practice your eyes and mind will learn how to see and think out of the box .. and out of Stock Market MATRIX which this whole market is based on .. we think alike, we act alike, so they can predict what we're about to do and choose .. once you learn how to think and look another way there's going to be big money in your pocket.
Cus then you'll be unpredictable.
Trade closed: stop reached