TRON (TRX) - July 26Hello?
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(TRXUSDT 1W Chart)
If it finds support at the 0.06034-0.06427 range, I expect it to lead to further upside.
If it falls in the range of 0.04562-0.04736, Stop Loss is required to preserve profit and loss.
This should be done in order to secure cash for new opportunities.
(1D chart)
Primary resistance: 0.07451-0.07679
Secondary resistance: 0.08631
1st support: 0.06034-0.06427
2nd support: 0.04562-0.04736
When the Stoch RSI moves out of the oversold zone, you need to check where support and resistance are found.
On the CCI-C indicator, you need to check whether the CCI line can rise above the zero point and above the EMA line.
Referencing the Stoch RSI indicator for short-term trading allows you to objectively see the flow.
However, since the extent of fluctuation is unknown, it gives you time to react to short-term fluctuations.
Currently, the Stoch RSI indicator is located in the oversold zone, so you can think ahead that it will rise if it breaks out of the oversold zone.
As mentioned above, the range of fluctuations is unknown, so you need to check where you are currently receiving support and resistance and respond accordingly.
Proceeding with a trade thinking that it will rise or fall at this point in your own subjective opinion will make it impossible to establish a standard to respond to.
Therefore, it is recommended to prepare objective standards by using indicators that have been widely used in the past.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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