Hello Traders i hope you are doing well
last time i shared TRX analysis and still my bias is bearish on TRX
i shared TRX short plan on basis of
as you can see TRX on strong resistance give a breakout on 4hr but the closure is below resistance so we can consider this breakout is deviation or fake out
As you can see TRX taken upside liquidity but the downside liquidity is still pending and there are same lows as you can see on chart alot of liquidity is pending
on 30 mins time frame TRX broken the trendline support which means in micro time frame the structure will be bearish bulls need to hold 0.05144 to be bullish
on1 hour time frame we are having FVG which is not filled yet sooner or later this FVG will be filled
WE ARE ON STRONG RESISTANCE
thats my bias for TRX and i shared why i am bearish i cant be bullish on resistance
i hope you will like my analysis and support me for more
thank you
last time i shared TRX analysis and still my bias is bearish on TRX
i shared TRX short plan on basis of
As you can see TRX taken upside liquidity but the downside liquidity is still pending and there are same lows as you can see on chart alot of liquidity is pending
on 30 mins time frame TRX broken the trendline support which means in micro time frame the structure will be bearish bulls need to hold 0.05144 to be bullish
on1 hour time frame we are having FVG which is not filled yet sooner or later this FVG will be filled
WE ARE ON STRONG RESISTANCE
thats my bias for TRX and i shared why i am bearish i cant be bullish on resistance
i hope you will like my analysis and support me for more
thank you
Trade closed: stop reached