Correction of TRX now rebounced from MA on Daily chart. Now it looks like will break the strong resistance based on Volume Profile. Good Long position with 3,3:1 Risk/Reward ratio!
My free Telegram channel: t.me
The same patterns on many TOP coins. Patterns of continuation.. We still in bearish market. Now - pause, maybe some flat or some correction up to 4100, bu t we still bearish! Looking at breakout of patterns to entry short position.
Pair brokethrough the channel resistance
but it looks like false breakout, because
there is divergence between volume and price.
So, be careful if you in Long position.
You need monitoring this pair if you want
continue to Short!
SALT formed local rising trend
where every impulse accompanied
by volume increasing. Price rebounced
many times from MA and Trend-lines.
Now is in Support zone near 100MA and
TL2. Waiting for next rising impulse.
Target - 1.272 Fibo lvl extension.
Don't forget about risk management!