SifuS

TRONUSDT in downward consolidation channel. Waiting for bull?

Long
BINANCE:TRXUSDT   TRON / TetherUS
We have seen multiple rejection in immediate support/demand area. For intraday trading, this could be next bullish move to target resistance area inside the channel at 0.06431.

Breakout from 0.06431 we could see retracement to previous support area at 0.06771, and most extreme case it could reach 0.07114.

Support area remains at 0.05995.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.