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AlanSantana
Dec 16, 2018 5:01 PM

Tron (TRXZ18) Quick Short Short

BITMEX:TRXZ1860

Description

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I am shorting Tron (TRXZ18) short term. Details on chart.

I am expecting a retrace after the last move up.

Trade at your own risk.

Thanks a lot for reading.

Namaste.

Comment

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For any questions feel free to use the comments section below.

Comment

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Trade: SHORT TRXZ18

Current Price: 0.00000400

Buy in: 0.00000399

Time Frame: 1H

Leverage: 10x

Target

(1) 0.00000395
(2) 0.00000392
(3) 0.00000386

Stop Loss: 0.00000416

Profits Potential: 33.67% ROE

Capital Allocation: <5%

Comment

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This is our full trade, we hit our first target.

Comment

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Raise stop loss to 400.

Trade closed: stop reached

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We hit our stop and we get out in profits.

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisTRONtronbtcTRXZ18bitmexalanmastersalanmasterstradesBitcoin (Cryptocurrency)binancebittrex
Comments
Sanely
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Could you take a look for Tron now and tell us where it go? It's all the time 395-405 (Bittrex). Should it go down now or maybe up again? Any advice? Thx :)!
AlanSantana
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@Sanely, I'll take a look for you.
AlanSantana
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Here is a rising wedge.

This is normally bearish.

Price is increasing slowly.



If it breaks down EMA50 should be support.

If it moves up EMA200 should be the next resistance.

It is possible that it can touch EMA200 before breaking down.


@Sanely,
Sanely
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@alanmasters, Thank you very much, appreciate your work :)!
calumon
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Thanks alanmasters. Right now I have 1 sat profit as I've bought at 398. Do you think I should close at 394 as you drew your array or should I wait for 393?
AlanSantana
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@calumon, You can close at 394 if you are happy with your profits.
calumon
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@alanmasters, I see thanks. Where should I put my stop loss?
AlanSantana
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@calumon, 410 or 416. We are already hitting our targets.
damdamm
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hello where is your target for this short. trade ?
damdamm
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hello where is your target for this short. trade ?
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