TRON setting up for a 4x leverage trade
Howdy people :)
TRX has been a leading the charges this year with break-outs. As i see it here as the rest of the market is in a sideways consolidation with a good chance of making a break up, TRX is about to setup a H&S.
I have a quick spread of 3 buy levels here as I am taking this as my month gamble swing, so I have 2 levels in for the H&S, and 1 level down low encase it breaks down, canceling the H&S...I will try to make a new low buy inn on the lowest level TRX has hit in the past year.
I have been waiting for a good trade to throw my fun money on, and this looks like it. Be safe, use protection, and dont try this at home of course :)
TARGETS: you do the math...usual target for H&S, measure the neck line
TRX has been a leading the charges this year with break-outs. As i see it here as the rest of the market is in a sideways consolidation with a good chance of making a break up, TRX is about to setup a H&S.
I have a quick spread of 3 buy levels here as I am taking this as my month gamble swing, so I have 2 levels in for the H&S, and 1 level down low encase it breaks down, canceling the H&S...I will try to make a new low buy inn on the lowest level TRX has hit in the past year.
I have been waiting for a good trade to throw my fun money on, and this looks like it. Be safe, use protection, and dont try this at home of course :)
TARGETS: you do the math...usual target for H&S, measure the neck line
Anyway it will bounce from the potential wedge line bellow the current price. I have 1 buy inn, looking to trigger another level...I have plenty way down encase this H&S falls through.