BTC blew up the Alt-Market Special: Mayday Mayday TRX going down
Nothing clever tonight as there's a lot of things going on in the market. Not much good, just planning the buying opportunities after this whole BTC thing settles itself.
Here we have a reasonable expectation for TRX. This should generally be a STRONG play for the month of May. We should be able to start entering positions on this in or around May 12th, and our target buy is between 650 and 600. 600 is the invisible support of .618 retracement and also a very strong visible support as well. Won't go below that line. However, with the general "personality" of TRX, I am setting buys at 650, 630 and 610. I'm not really expecting full fibonacci retracement on this one, mostly because of the Mainnet launch at the end of May and it's just a fact that it's a weird token that has a tenacious following and also a known invisible/visible hand (whatever MM!) toying with it.
Anyway, sorry this is boring AF....but don't bite at 790 when it stalls it'll go lower.
xoxo
GoldenParachute
Here we have a reasonable expectation for TRX. This should generally be a STRONG play for the month of May. We should be able to start entering positions on this in or around May 12th, and our target buy is between 650 and 600. 600 is the invisible support of .618 retracement and also a very strong visible support as well. Won't go below that line. However, with the general "personality" of TRX, I am setting buys at 650, 630 and 610. I'm not really expecting full fibonacci retracement on this one, mostly because of the Mainnet launch at the end of May and it's just a fact that it's a weird token that has a tenacious following and also a known invisible/visible hand (whatever MM!) toying with it.
Anyway, sorry this is boring AF....but don't bite at 790 when it stalls it'll go lower.
xoxo
GoldenParachute