Get started
CharlieTrout

TRX / BTC Long, looking for a 4th retest of resistance level

Long
CharlieTrout Updated   
BITBAY:TRXBTC   None
Support and Resistance Moving Averages TRXBTC TRX tronbtc
6
0
supportandresistance movingaverage trxbtc trx tronbtc
I am looking for a 4th retest of the support turned resistance level on the daily. The price has also caught the 25 MA, acting as a moving support, adding confluence to the idea that we will re-rest the resistance level. Tight Stop Loss placed at invalidation level, slightly below 25 MA and at a level that has acted as recent support. Looking for a 4.5% move up before either a rejection (potential shorting opportunity), or further upside.
Comment:
S/L moved to 0.180 level.
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.