IMBTCKING

WRX is testing the waters with volume for the fifth time. Is it

Long
BINANCE:WRXUSDT   WRX / TetherUS
Since it broke below the previous support in March this year, it has been in a sideways trend for about four months. During this period, the trading volume was very sparse.

There were occasional signs of a rally, but they were all short-lived, instantly suppressed by the bears. Obviously, there is a benefit to this. During a period, the average chips were averaged out.

So, is the fifth rally happening recently on the hourly line real or fake? Note the take-profit and stop-loss positions marked by parallel lines in the chart.

WRXUSDT

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.