TRX is heading towards its upwards resistance zone.
The red shaded area is a good zone to place short positions.
It's likely that we bottom around the 0.786 fib (blue line).
If we break and close below the green support line, we will be heading much lower.
The red shaded area is a good zone to place short positions.
It's likely that we bottom around the 0.786 fib (blue line).
If we break and close below the green support line, we will be heading much lower.
Note
Trade executed! We hit perfectly the resistance box!
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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.