$TNXP Short Term Profit Possible
RSI shows oversold signal, with a bullish crossover. Uptrend is supported by all the MAs with no entanglement. Shooting STAR is present after a series of red candles. Cup and handle forming on the chart. Suggested buy point reflected on the chart as well. Chart was laid also with blue line for entry, green line for TPs and red for cutloss. Quick bucks possible on this one!
Trade closed: stop reached
Cut loss at 1.19 to keep loss at minimum value per Fibo. Better luck next time. Gonna read more about trading this time. Learning for this trade: to have a better set-up, enter at pullback which have not breached the 50% fibo. This applies to my PLTR trade set up. tsk tsk. Butt all good, cutloss were followed, loss kept at minimum, and learning was gained.
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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.