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Kryptochristian
Jul 9, 2023 8:17 PM

TRADE OF THE DAY | TRX Potential 7.2% Short

TRON / TetherUS PERPETUAL CONTRACTBinance

Description

TRADE OF THE DAY | TRX Potential 7.2%

We are seeing a distinct ascending channel/wedge here now with a slight bearish divergence formed. Whilst we can wait for the break down we have given more room on the stop-loss to accommodate another potential test of the upper channel resistance. There is also the all important breakdown on the oscillator trendline. Conservative TP above the key support. Realistically though if BTC starts to pump hard then best to exit or cancel trade.
Comments
FirstNameHelen
Interesting analysis, appreciate your efforts
Kryptochristian
@FirstNameHelen, Thank You 🙌
LegionQ8
Do you use any technical indicators ?
Kryptochristian
@LegionQ8, Yeah the main one is a customised one called the RVD
WalterMoon
Very nice analysis, good job done!
Kryptochristian
@WalterMoon, Thank You 🙌
homoshi88
😁😁🙄!!!
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