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Mihai_Iacob
Apr 28, 2021 6:38 AM

TrxUsd- New leg down? Short

TRON / USDFTX

Description

After finding strong support at 0.09, Tron started to correct only to encounter strong offers at 0.13
A new leg down could follow from this point on this coin and a drop to 0.66 liquidity zone is not out of the question
0.09 recent low also offers support.
I m bearish as long as the price stays under 0.13
Comments
VasilyTrader
Did you consider coming fundamental data this week?
ianf
Dude, u r so so bearish. Watchout!!!! Its a Bull Crypto Market.!!! The correction of the entire Market its done!
financialflagship
Very possible in the short term. Long term all the way up! Great analysis!
Mihai_Iacob
@financialflagship, thanks for comm
I m short at this moment
sloosh
@OptimoomFX, hmmmmm it looks dangerous to short trx from now...
INSANEMOANING
@sloosh, I hold a huge bag of TRX actually but im down -15%.
Shorting TRX from technical view isn't as dangerous as it seems because it looks like formed HEAD AND SHOULDER pattern and the right shoulder is already completed.
sloosh
@INSANEMOANING, well to me you shouldn't bet your trade on a pattern that is not even confirmed... and even when it is confirmed the chance for it to succeed is not so good, I hope you base your analysis on other items to increase your chance of success.
To my own opinion (and analysis) trx may go very high... very soon, we'll see.
Anyway I really wish you a successful trade ;)
Nonizfr
Wrong
Henry_Ross
Good work!
Mihai_Iacob
@Henry_Ross, thanks
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