Tron (TRX) Breakout. Possible long position after flagging.
Aktualisiert
Hey everyone, my last chart predicted sideways movement till the news so this was kind of expected. I believe this can be a great long position in anticipation for the secret project, as long as TRX can find support and form a strong bull flag. There is a medium chance it will be a false breakout. I bought into Tron at 440 so I'm kind of debating whether or not to take profit now.
Therefore,
Buy in:
When bull flag forms. If we drop straight back down it was likely a false breakout and should not be trusted. With the secret project tomorrow there will be an increase in demand or selling pressure, so be careful with a smart stop loss.
Sell targets:
573-600 satoshis.
Stop loss:
464 satoshi level or underneath the bull flag's support area.
I believe in the next few months TRX is going to have a good cycle again. As long as bitcoin can stay within the current range, a good 50% gain is possible.
Therefore,
Buy in:
When bull flag forms. If we drop straight back down it was likely a false breakout and should not be trusted. With the secret project tomorrow there will be an increase in demand or selling pressure, so be careful with a smart stop loss.
Sell targets:
573-600 satoshis.
Stop loss:
464 satoshi level or underneath the bull flag's support area.
I believe in the next few months TRX is going to have a good cycle again. As long as bitcoin can stay within the current range, a good 50% gain is possible.
Anmerkung
If this is a strong bull flag, I will be entering with more capital. If it is a weak one, I will be trading 0x.
Anmerkung
Ideally the best bull flags do not drop that much. More percentage drop from the highs = higher chance we do not get another break.Anmerkung
In theory over the next few months, we can net over a 50% gain.
Anmerkung
Not looking good so far
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The livestream dump has occurred. This happened the last two times too. Still holding for now
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Hodl on for now. Trx got bought back to trendline.
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Went back under, bearish short term ( next few hours)Anmerkung
Currently corrected back to the starting price. We have a bullish div on the 15 minute, but I'm expecting sideways for now.
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