After breakout, TRX is oscillating in the regression trendline. 4h RSI is oversold. Still price is going above major blue trendline and it left very strong support levels behind. But it might retest regression trendline one more
I'm still very bullish and holding my TRX in my spot wallet. But I will wait BTC daily closed candle.
If,
-> closed above 62k , I will look for new entry points for TRX futures positions
-> closed below 59.4k , I will not open any position
-> closed between, be on alert to 4h candle closed values.
BTC
- (0.15500-0.15400)
- (0.14600-0.14400)
- (0.13200)
I'm still very bullish and holding my TRX in my spot wallet. But I will wait BTC daily closed candle.
If,
-> closed above 62k , I will look for new entry points for TRX futures positions
-> closed below 59.4k , I will not open any position
-> closed between, be on alert to 4h candle closed values.
BTC
Note
BTC broke the support line , but TRX didn't drop that much. It had a support level at 0.133 and still above that price. If btc goes below 52k , I might consider a short position opportunitiesNote
BTC Update. It bounced back from 53k level. Seems to be break trendline but it should stay on that level. If trendline holds and bitcoin starts to rise, I will consider new long entries in futures between 2 trendline.
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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.