cryptanyte

TRX trading idea. Long position

Long
cryptanyte Updated   
BITFINEX:TRXUSD   TRON
TRON seeing a strong rally. Here's my take on a possible long position. I expect some volatility between 0.025 to 0.03 range before continuing upwards. Use proper position size according your stops. Stops under the daily low are a good place to start. If we see a change in trend and resistance holds, the marked zone will be a good buy back opportunity. Could take a while.
Comment:
Tron has broken the resistance on the chart above. I've taken some profits as I was lucky enough to get a good entry a while back. Still holding some coins though. Final target still between 0.037 and 0.04.
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As I said earlier...lots of volatility to be expected right here...big pull back. If you missed the break out, you can re enter here. Just remember to place your stops. Looking for this previous resistance to turn to support. If it fails see picture 1 for entries.
Comment:
Previous resistance didn't hold. Hope you all had your stops set. With that said, the previous zone marked for the the rebuy has taken off. We'll see how this plays out. Confident in a higher low playout.

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