SpartaBTC

TRX / BTC Falling Wedge. Cycle. Work on a coin.

BITFINEX:TRXBTC   TRON / Bitcoin
TRON after a local maximum formed a local downtrend. This trend has formed a downward wedge .

If this wedge works out on a global scale, a double bottom will form, which will become a reversal pattern of the main trend.

ENTRANCE
1) on the breakthrough of the line of resistance of the wedge . (maybe it’s happening now).
2) on confirmation of support in the region of 130-150 satosh if the price reaches there.

Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.

TARGET
On the chart, I showed the first potential movement when trading in a local trend.

To see in the global where the price is, look at these previous training ideas, where this coin was used as an example.
1) TRAINING. Theories of the Dow. Types of trends. Phase TRON. There is still a bit


TRON Lateral movement. Possible formation of a double bottom .

Trade closed: target reached: + 25% from the moment of breaking down the wedge.
+ 20% from the moment of breakdown of a symmetric local triangle
Trade closed: target reached: The price reached the specified price after breaking through the resistance of the wedge with sniper accuracy.

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