TRX Short to ~580 sats
The bulls kept pushing the momentum going during previous resistance and broke through back at the beginning of the year (which invalidated my previous idea)
The price range cannot be sustained and today momentum has been showing signs of a shift. There needs to be a retest of old supports/resistance to begin upward continuation.
Signals indication short:
- MFI flattening and in overbought region
- 1D Price action looks to be retesting the kijun-sen (Ichimoku Cloud) ~580 sats
- MACD looks to be rolling over
Let me know what you think!
The price range cannot be sustained and today momentum has been showing signs of a shift. There needs to be a retest of old supports/resistance to begin upward continuation.
Signals indication short:
- MFI flattening and in overbought region
- 1D Price action looks to be retesting the kijun-sen (Ichimoku Cloud) ~580 sats
- MACD looks to be rolling over
Let me know what you think!
Trade active
650 support was broken, heading down atmTrade closed: target reached
We reached a low of ~596 sats which wasn't as low as I was hoping but there was a nice bounce. Enjoy your profits.As for the ongoing price action, I will post an update soon!
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Related publications
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.