TRX is extremely overbought with momentum and other indicators indicating the need for a retrace. Entering a short with TP llevels below 495-490 satoshis.
Comment:
Trade can be closed at 525 satoshis at 20% profit as there appears to be resistance at a fib retracement level there.
Comment:
Im happy to close this trade now at 518 satoshis as the overall trend is upwards at the moment, so not comfortable keeping open for longer. We do expect some volatility tomorrow as there will be the weekly close. So I usually dont keep trades open on Saturday and Sunday overnight.