TRX - A nice short opportunity from $0.06 to $0.045
Hi,
This is iJustCoin, the one lucky trader who puts money where his mouth is!
TRX is taking its sweet time before a potential another leg down.
We have 12H BBand Basis as a STRONG resistance, so it might be a nice SHORT entry.
When we will have White Energy at 90M,3H and 6H below level 50 i'll be expecting the Green EMA at the 12H to dip down to the Blue LSMA once again.
In that case price may touch Aqua/Orange BBands on the 12H.
I do not recommend to enter a short position untill we are not DONE with Upward Pressure on the lower timeframes.
Good luck!
Bye-bye!
***
Chart Code:
Blue Bold Dotted Line - Decreasing of Selling Volume
Puprle Bold Dotted Line - Decreasing of Buying Volume
Green Bold Dotted Line - Increasing of Buying Volume
Red Bold Dotted Line - Increasing of Selling Volume
Red Dashed Lines - Downwards Reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
***
This is iJustCoin, the one lucky trader who puts money where his mouth is!
TRX is taking its sweet time before a potential another leg down.
We have 12H BBand Basis as a STRONG resistance, so it might be a nice SHORT entry.
When we will have White Energy at 90M,3H and 6H below level 50 i'll be expecting the Green EMA at the 12H to dip down to the Blue LSMA once again.
In that case price may touch Aqua/Orange BBands on the 12H.
I do not recommend to enter a short position untill we are not DONE with Upward Pressure on the lower timeframes.
Good luck!
Bye-bye!
***
Chart Code:
Blue Bold Dotted Line - Decreasing of Selling Volume
Puprle Bold Dotted Line - Decreasing of Buying Volume
Green Bold Dotted Line - Increasing of Buying Volume
Red Bold Dotted Line - Increasing of Selling Volume
Red Dashed Lines - Downwards Reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
***
Comment:
Another opportunity to enter a short position is between my Red Dashed Lines
Comment:
I as well got a sell signal from Blue LSMA on the 6H
Comment:
We are very close to momentum to change downwards
Comment:
Upward pressure brought the price action back up once again.
I am waiting for another momentum when 6H White Energy will have a chance to go below level 50 once again. Take a look closer at these Red Dashed Lines
I am waiting for another momentum when 6H White Energy will have a chance to go below level 50 once again. Take a look closer at these Red Dashed Lines
Comment:
I want to point out that there is a HIGH possibility to hit $0.064 on the daily
Since we didn't see a hard decline at $0.06 price level it increases our chances to go higher to establish a Simple Rally or Last Point of Supply
I am going to apply HIGH LEVERAGE to short TRX if the price hits $0.065 levels
Since we didn't see a hard decline at $0.06 price level it increases our chances to go higher to establish a Simple Rally or Last Point of Supply
I am going to apply HIGH LEVERAGE to short TRX if the price hits $0.065 levels
Comment:
That wick to $0.0615 might be telling us that this is the top. It is very possible RIGHT NOW that 90M,3H and 6H will bring down 12H and 1D as well.
We should watch closely 90M and 3H to see if it is possible to have an upward pressure on the 6H again or we are done here.
We should watch closely 90M and 3H to see if it is possible to have an upward pressure on the 6H again or we are done here.
Comment:
I am in 2/4 of my regular position. Which is x3 leverage.
Will be looking for a pullbacks on the way down to add up to have x6 leverage.
If everything goes according to the plan the profit from the deal will be 120%
Here is an inverted chart:
Will be looking for a pullbacks on the way down to add up to have x6 leverage.
If everything goes according to the plan the profit from the deal will be 120%
Here is an inverted chart:
Comment:
We tested this GREY TREND LINE.
It was our SUPPPORT and now it is RESISTANCE
I am going to add up more when the price will fall below my golden line.
It was our SUPPPORT and now it is RESISTANCE
I am going to add up more when the price will fall below my golden line.
Comment:
The price action touched the higher Red Rectangle i am adding up HARD here
Comment:
Comment:
Now we are forming some kind of a top. We may strart reversing very soon
Comment:
Reversal momentum has shifted. You can see the time and date on the Red Lables at the lower panel (right below Red Dashed Lines).
