Short
TRU - Now Time To Go Short!

See previous idea linked below; was a quick 70% long.
Now TRU looks a good short.
Notice that we have both a higher and lower time frame higher highs above 2 resistances.
And so potentially we have a double Wyckoff UT UpThrust here.
Week RSI diverging is a clue that this might tumble.
A lot depends on Bitcoin.
If Bitcoin makes a recovery then TRU may bounce and perhaps print a right shoulder of a Head & Shoulders pattern.
But if Bitcoin falls into a correction then TRU could capitulate.
So i've made a first short entry here and if it bounces I will make another 👍.
Not Advice
Now TRU looks a good short.
Notice that we have both a higher and lower time frame higher highs above 2 resistances.
And so potentially we have a double Wyckoff UT UpThrust here.
Week RSI diverging is a clue that this might tumble.
A lot depends on Bitcoin.
If Bitcoin makes a recovery then TRU may bounce and perhaps print a right shoulder of a Head & Shoulders pattern.
But if Bitcoin falls into a correction then TRU could capitulate.
So i've made a first short entry here and if it bounces I will make another 👍.
Not Advice
Trade ist aktiv
Anmerkung
Down 18% from my entry today. Thats a good start.Anmerkung
Altcoin bounces coming after Bitcoin post capitulation recovery. If TRU moves higher than my first entry, I will continue as described in the commentary and make another short entry.
Trade geschlossen: Ziel wurde erreicht
Forgot to update this one but if you follow my other ideas then you'll know that I covered my shorts and went long on altcoins and miners.I can't post any more than that because it would be considered advertising but here is the chart from where I took profit.
TRU still looks much weaker than other altcoins due to technical considerations discussed in this thread.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
