The structure of TRX in the daily and weekly time frame is the same as the previous analysis. The correction has started from the place where I have marked the red arrow. It means a big diametric!
But the trx went above the red box of the previous analysis and made a stop hunt.
I think we are at the end of wave F and we will have a fall for wave G.
In the red box, we are looking for a downward trigger to enter the sell/short position.
The green area is relatively strong support.
I specified the invalidation level, closing a daily candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
But the trx went above the red box of the previous analysis and made a stop hunt.
I think we are at the end of wave F and we will have a fall for wave G.
In the red box, we are looking for a downward trigger to enter the sell/short position.
The green area is relatively strong support.
I specified the invalidation level, closing a daily candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active:
It has pumped over 25% since the analysis. Do not enter sell/short position without confirmation and trigger
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