We can definitely see in the DAY time frame chart the end of the downtrend structure and it may bring us back to profit.
We have to be careful !!
We could be seeing TRX back to the 275 area cause of its need to square UP at this level and this is probably his best opportunity to do so.
The is giving us a great sign of recovery whit a potential short drop to 275.
If it doesn't go further down, we could be on our way to hit the ATM on a long term trade.
If it goes down, we definitely have a greater opportunity to hit the JACK POT witch could bring us a 300% profit or more !
As for the short term, we could be expecting a fast recovery to its first resistance of 600 (BTW, this would give us an easy and quick 30 to 50% depending on your entry point)
Do not enter TRX without having a confirmation of his next move. The is providing us a great idea of where we are going BUT wait for the perfect timing to minimize the risk and MAXIMIZE your PROFIT !
Risk management is the Key to success in Crypto.
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