TRX is currently outperforming the market average, moving within a sideways range. The trading strategy used is Channel Trading, buying and selling based on support and resistance levels. The Bollinger Bands indicator is applied, as it is well-suited for sideways market conditions.
Entry Buy: Around the support level at 7.36767 THB
Stop Loss: If the price drops below 7.11519 THB
Take Profit Target: At the resistance level of 8.47857 THB
If the price breaks above this resistance, the trend may shift from sideways to bullish.
Entry Buy: Around the support level at 7.36767 THB
Stop Loss: If the price drops below 7.11519 THB
Take Profit Target: At the resistance level of 8.47857 THB
If the price breaks above this resistance, the trend may shift from sideways to bullish.
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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.
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.