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FieryTrading
Nov 18, 2022 2:39 PM

🔥 TRX: 1.5 Year Bearish Triangle For Patient Traders Short

TRON / TetherUSBinance

Description

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Over the course of the last ~1.5 years, TRX has been forming a massive bearish triangle pattern. Bearish triangles classically break bearish, so that's what we're going to look at today.

Be aware that this is a trade for the patient trader. Wait for the break of the lowest purple support before scouting an entry.

Since the support has been holding for so long, a break of said support can lead to a massive sell-off because of all the stop-losses below it. Targets in blue.
Comments
Cybernetics_tl
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It keeps traders struggling inside that pattern ! Joke a part, nice analysis
SwallowPremium
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Good view on the market. Keep it up)
AtlasTrades
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Hi my friend! very accurate pattern on TRXUSDT, Im agree
YMGroup
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Noted, thank you!
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