My last play resulted in a break even trade. I plan to do the same here except holding a long if we consolidate over out previous high.If that does happen then I believe we are in for a massive bull run to the upside.
I will refuse to take that gamble and I will set myself up for a low risk, high reward trade setup.
This is clearly a double top. I will be...
Have shorts laddered up to 9k. I see this as a low risk, high reward trade setup as I can set my sl just above 9020 laddering into long positions if it ends up going for a run to the upside.
I see us testing the top of this structure and bouncing back since it seems that the .618 lines up nicely with the top.
I am looking for a drop to around 8k will tp at 8200,...
As you can see trx once again went below the support and i expect another test at the support of .017.once it retests the top of the triangle we can assume we are in for some gains but until it bounces off support i will remain bearish
Trx likes to hold a good bottom around 3 cents. it has been in a downtrend but broke through and looks like its about to pop upward. Regardless anything under 4 c is a good time to accumulate. 3-5x gains possible but then again anything is possible