TRXBTC Potential Bullish Breakout
Scenario 1: If the previous resistance turns into support this would be a good buying opportunity.
Buy entries: 385 - 390 - Target 1 --> 490 - 500
Target 2 --> 570 - 580
Stop loss: 378 -381
Scenario 2: If the breakout was a fakeout (sorry for the rhyme) and we dip below the resistance, this could turn into a decent short scalping opportunity.
Short entries: 377 - 377 - Target 1 --> 345 - 350 - trending support levels.
- Target 2 --> 290 - 300 - previous support levels.
Buy entries: 385 - 390 - Target 1 --> 490 - 500
Target 2 --> 570 - 580
Stop loss: 378 -381
Scenario 2: If the breakout was a fakeout (sorry for the rhyme) and we dip below the resistance, this could turn into a decent short scalping opportunity.
Short entries: 377 - 377 - Target 1 --> 345 - 350 - trending support levels.
- Target 2 --> 290 - 300 - previous support levels.
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