Breaking through prior support, turns resistance. We are still in a bullish channel. To validate the short trade, TRBUSD must close below $127 on a significant time frame in order to confirm the downward trend. Until then we are awaiting confirmation, but pressure to the downside seems imminent.
More explanation on this trade later.
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$127 broke just as I posted this to TradingView; and, so did $125 shortly after. I'm confident the next target is $115 as long as the price remains below $125.
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Adding to short position here at $127
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Closed 20% of my position at $118, target of $115 still in play.
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