After making insane gains last year TRX has slid down over the year and found support and made a jump to test downtrend resistance in the past few days. If it can break the red line we got a possible long opportunity, if rejected and the blue line fails to hold the right triangle setup would be a strong short/sell signal.
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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.