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

Short
BITFINEX:TRXUSD   TRON
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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%.

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