TRXUSD; 0.0570, Support with a capital S
0.0570 stands for the 61.8% (last) Fibonacci retracement level of the entire bull run. Not only this, notice it has played a big role already in the past, where it acted as firm resistance in february and march and when it gave way an aggressive rally ensued.
So, critical support and bulls are doing their best to defend it. Likely to see a further attempt to get a bounce going from here where 0.0670 sees first resistance.
Be wary if this level gives way on a closing basis, then 0.0450 is the risk.
So, critical support and bulls are doing their best to defend it. Likely to see a further attempt to get a bounce going from here where 0.0670 sees first resistance.
Be wary if this level gives way on a closing basis, then 0.0450 is the risk.
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