If daily candle will close above 0.12658 level, TRX breakouts ascending triangle imo. Also stoch RSI is oversold at the moment , it will crossed up. That scenario makes me target to 0.148 at the first stage which is the triangle price target, next I will look for 2 option:
1) It breaks the 0.149 resistance with volume confirmation and closed daily candle above the that price,
2) It pullbacks to the 0.12658 level and bounces back.
Either 1 or 2 will happen, I think new TRX rally will begin.
SL: Trendline can be used as a trailing stop.
Not a financial advice. If you agree or disagree please leave comment. Thanks :)
1) It breaks the 0.149 resistance with volume confirmation and closed daily candle above the that price,
2) It pullbacks to the 0.12658 level and bounces back.
Either 1 or 2 will happen, I think new TRX rally will begin.
SL: Trendline can be used as a trailing stop.
Not a financial advice. If you agree or disagree please leave comment. Thanks :)
Comment:
It rejects from fib 0.236 and retested the value closed at 05th April. Everthing working as natural for now. Most possibly it will bounce today, otherwise we will test the triangle support level.
Trade active:
It reached both TP points. But I will hodl
