🔸Hello traders, today let's review daily price chart for TRXUSD . strong gains recently off the range lows, however currently price getting overextended and trading near range highs, so overall risk/reward is shifting in bears favor. expecting pullback in this market in May/June 2023.
🔸Active trading range is defined by range lows at 0.055 cents and range highs at 0.07 cents. Premium prices at 0.05 cents and 0.075 cents overhead. Limited upside beyond prem prices. Trading in weel defined range for almost 12 months now, strong re-accumulation.
🔸Recommended strategy bulls: expecting pullback/retest of range lows later in May/June. Best reload zone for position traders on buy side near 0.055 cents. Short-term correction so bulls should wait on sidelines and be ready to reload lower near 0.05. final TP bulls +50% gains.
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