TRXUSD D4: 50% correction TOPPED OUT / SHORT RIPS (SWING) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: TRXUSD 4days/candle chart review/outlook ::: SWING trade setup for position traders ONLY ::: long-term accumulation in progress ::: BUT topped out for this cycle already ::: expecting 40-60% correction next few months ::: to complete the sequence ::: before it can finall breakout of the range ::: correction is REQUIRED ::: later we can pump 200%+ from that base ::: but that's not until 2021 ::: limited upside in 2020 so just SHORT IT ::: recommended strategy: SHORT SELL any rips/rallies ::: higher risk strategy ::: BUY low for a bounce ::: details: see chart. ::: TP BEARS on the swing is 40-60% gains ::: SHORT/HOLD setup / swing tarde ::: for patient traders only / no fast gains here ::: only use low leverage don't do gambling here ::: the sequence for the BEARS ::: Just short high and you will get paid, period ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/SWING/40% GAINS ::: Sentiment outlook short-term: BEARS/CORRECTION