To be honest, $TRX is currently stuck at a strong resistance level. That recent bounce looked pretty fierce, but honestly, these positions are prime for reversals. If the bears can hold this area, the price is likely to keep diving down.
I'm looking to get in between 0.3288 and 0.3295, with a stop-loss set at 0.3313; the risk is manageable. My targets are in three stages: first stop at 0.3274, second at 0.3268, and third at 0.3260. As long as the bears keep applying pressure, we’ve got a shot at hitting these levels.
But, if the price breaks past the stop-loss, that means the bulls still have some strength, and I’ll need to reassess. For now, I'm sticking with a bearish mindset and waiting for the market to give us a signal.
#TRX
I'm looking to get in between 0.3288 and 0.3295, with a stop-loss set at 0.3313; the risk is manageable. My targets are in three stages: first stop at 0.3274, second at 0.3268, and third at 0.3260. As long as the bears keep applying pressure, we’ve got a shot at hitting these levels.
But, if the price breaks past the stop-loss, that means the bulls still have some strength, and I’ll need to reassess. For now, I'm sticking with a bearish mindset and waiting for the market to give us a signal.
#TRX