Inverted inverted head and shoulders appearing. Target price near the upper end of the CME gap. Will it be filled though? We have major resistance on the way up, so for me, if it is to fill, it will be a flash fill before crashing back down- unless it can close above the major EMA's on the daily.
A quick update on TRXBTC. I see this playing out, really good for quick scalp trades, which I will be doing. I do have longs open from a previous post a while back, that caught trx in the buy in range perfectly.
Also, just had a test on the falling wedge, though I would have liked to see more buy volume since this was practically non existant....
Plan A - Enter between 201-215 sats. Sell targets within the red boxes whereby the diagonal resistance is reached.
If this poo's itself, then revert to plan B. Buy around 169 sats, by then, it'll be recharted for potential sell targets.
Stop losses should be tight, but make sure that you avoid liquidity pools.
And plan C... well, just take some pills and cry.