TRU - Now Time To Go Short!

2024年6月20日

See previous idea linked below; was a quick 70% long.

Now TRU looks a good short.

Notice that we have both a higher and lower time frame higher highs above 2 resistances.

And so potentially we have a double Wyckoff UT UpThrust here.

Week RSI diverging is a clue that this might tumble.

A lot depends on Bitcoin.

If Bitcoin makes a recovery then TRU may bounce and perhaps print a right shoulder of a Head & Shoulders pattern.

But if Bitcoin falls into a correction then TRU could capitulate.

So i've made a first short entry here and if it bounces I will make another 👍.

Not Advice

2024年6月20日

交易進行

2024年6月24日

註釋

Down 18% from my entry today. Thats a good start.

2024年6月25日

註釋

Altcoin bounces coming after Bitcoin post capitulation recovery.

If TRU moves higher than my first entry, I will continue as described in the commentary and make another short entry.

2024年6月29日

註釋

1 hour crypto video:

2024年7月4日

註釋

Crypto is capitulating.

TRU is getting smashed.

Altseason dreaming hodlers that follow the cycles gurus are getting rekt 💀.

Their heads will be spinning.

Much lower lows could be in the pipeline.

This short is going very well 😼.

2024年7月11日

交易結束：目標達成

Forgot to update this one but if you follow my other ideas then you'll know that I covered my shorts and went long on altcoins and miners.

I can't post any more than that because it would be considered advertising but here is the chart from where I took profit.



TRU still looks much weaker than other altcoins due to technical considerations discussed in this thread.

2024年7月11日

註釋

Other altcoins have moved on up well but TRU is still well below where I went short