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Short

TRXUSD: CORRECTION SHORT IT 60%+ gains(SL/TP)(NEW)

BITFINEX:TRXUSD   TRON / Dollar
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TRXUSD: CORRECTION SHORT IT 60%+ gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more short-term
and mid-term losses. SHORT IT!

🔸 Summary and potential trade setup
::: TRXUSD 1week/candle chart review/outlook
::: tagged SHORT because it's BEARISH short-term
::: mid-term also BEAR MODE
::: ongoing distribution / stuck in range
::: key S/R level already broke down
::: previously rejected after massive
::: BULL trap was executed near 0.04
::: currently key S/R level broke down
::: spells more trouble mid-term
::: range lows near 0. 01 /0.02
::: shorting rips / shorting at market
::: BEARS will target range lows in this market
::: we are setting up for another correction
::: final TP BEARS is near 0. 01 /0.02
::: recommended strategy: SHORT IT market/rips
::: TP BEARS is 0. 01 /0.02 60%+ correction
::: SWING trade setup / no fast gains here
::: SHORT/HOLD / do not expect miracle gains
::: SL is 10% max
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment outlook short-term: RANGE/MIXED




Comment: BOOM! already down 8%.
FX/CRYPTO SCANNER/RESULTS/OVERVIEW/TELEGRAM
https://TAPLINK.CC/DARK000SOUL
BEFORE/AFTER ANALYSIS
https://THEPROJECTSYNDICATE.BLOGSPOT.COM/
CHANNEL TA/SIGNALS SL/TP
https://T.ME/THESYNDICATE001
DETAILED SCANNER RESULTS
https://TWITTER.COM/PRSYNDICATE001

Comments

great setup!
+1 Reply
ProjectSyndicate ChasingTheMoon
@ChasingTheMoon, thank you
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Helpful idea
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hello man. im kind of new to this kind of stuff. does this chart mean that we should not buy trxusd right now and wait for more reduction or it is gonna go up? what's the play here?
Reply
BOOM! already down 8%. congrats if you took this trade.
Reply
Good analysis..
Reply
@Somen78, +++++
Reply
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