Short
Breakout or fakeout to the dowside?
TRX had a breakout and then what appears to be a retest to the triangle. Volume looks right for a proper break but its definitely tricked us before. looks like a good short to me to the trend line
Target 1 : 625
Target 2: 600
Target 3: Purple Box
Target 1 : 625
Target 2: 600
Target 3: Purple Box
Trade active
Target 1 was INSANELY close to being reached but stopped at 627 all target are still on track to hit the purple box as well as the large trend line that's not really a trend line due to it only has 1 touch. The only reasoning behind it is the larger trend line up top parallels it. Volume supports both breaks being legit and RSI is displaying reset for more down. So far if you've used this chart you're in the profits so be wise with your profit taking and stop losses. hope this update helps.
Order cancelled
welp cant do much about that giant pump n dump wick lol sorry all win some lose some I suppose. Target could still be hit with a massive selloff but I'm sure most of you that were following this chart have been stopped out so i will close it
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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.