This is a trade only for those with an appetite for high risk, high reward trades. The alt coin market has been shaky due to the major Bitcoin movement we have been experiencing since last week. Because of this reason I haven’t been trading much, just hedging into Bitcoin and my long term holds. That being said, TRX/BTC on the 4h is starting to form some really nice data. We are nearing a bullish crossover after 5 days of correction from its recent run. In addition we can see from the AO that selling momentum is slowing down and there are now more buys than sells. This is apparent by the 100 sat psychological support where there are HUGE bid supports (more than 5 BTC walls). I will be entering with a tight stop loss and two possible entries. I will split my play between these two entries incase the market dips more, which is very possible.
Entries: 102 sats (50%), 98 sats (50%)
Stop Loss: 95 sats (risk of 7% loss, 3-4% if you took both entries)
Targets: 110, 120, 135, 145 sats
Entries: 102 sats (50%), 98 sats (50%)
Stop Loss: 95 sats (risk of 7% loss, 3-4% if you took both entries)
Targets: 110, 120, 135, 145 sats
Comment:
Hit our first target!
Trade closed: target reached:
Target of 125 sats hit, 23% profit