Tron had one of the best relative strengths this year compared to the whole crypto market. Recently it broke the ascending channel and retested it within the same zone at a bigger Fibonacci level.
Here we can see the bigger picture at weekly timeframe.
A 2 RR is determined for the trade. Although it is near the resistance, but the support seems good enough to take the risk. Bitcoin is not showing any weakness either & US Bond market showed few big red candles last week too.
Take profit target can be extended with proper trailing stop loss.
Entry: 0.09921$
Stop Loss: 0.09660$
Take Profit: 0.10442$
Here we can see the bigger picture at weekly timeframe.
Take profit target can be extended with proper trailing stop loss.
Entry: 0.09921$
Stop Loss: 0.09660$
Take Profit: 0.10442$
Order cancelled:
Price did not reach to the entry point. Better to cancel and enter at a lower price.
Comment:
Interesting...
nfa & dyor
Invest Smart!
Invest Smart!