TRX and it's next move. Profit!

390 0
I can't promise big profits for now, but I do see TRX eventually breaking the red resistance line that it keeps testing, and moving to test the 548 resistance level .

Whether that level gets broken is to be seen, however a safe bet if you are invested in this coin is to set a sell order for an amount of your position (I set 25% for this) just before this level. A safe bet would be 539, a more ambitious sell-order may be around 545. This ensures that even if price goes back down, you can buy back and get even more TRX coin.

Mid-Long term, I am bullish to the extent that higher price levels will be reached. This does not mean I necessarily believe they can be sustained. But a properly placed sell-limit order can earn us some nice profits.

Happy trading! :)

*** If you are in this coin, consider looking at some of the other altcoins if you haven't already. There are good opportunities all over right now.
評論: So, TRX went for another retest, but once again was unable to break resistance
評論: If it can manage to form a higher low though, that would indicate a sort of ascending triangle, which is a bullish structure.
評論: First profit levels reached. Re-Enter right above 550
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