Trx is into an ascendent channel which can go up or down but
Stoch at 1D is overbought hard
RSI also 67
BTC cboe contract expires in 16 october so until this date we are bearish
Open short at 404 bitmex with TP 377-384 for a scalping
Open short at 447-455 Bitmex with 360-347-317 sats target
450 Zone is the top of ascendent channel and also supply zone
Stoch at 1D is overbought hard
RSI also 67
BTC cboe contract expires in 16 october so until this date we are bearish
Open short at 404 bitmex with TP 377-384 for a scalping
Open short at 447-455 Bitmex with 360-347-317 sats target
450 Zone is the top of ascendent channel and also supply zone
Note
Hited our first target 384 sats. and also going down slowly.Best re-entry for short is 447-455 for a 317-360 target
Note
If the price will remain above ichimoku cloud and also BTC WILL NOT DROP that can be a nice bullflag to breakout till 447-455 sats which is the supply zone.Better is wait to 447-455 sats and after short it hard
Note
TRX now is situated in ascending channel support,if BTC don t drop and trx also don t breakdown this channel we have a chance to see 447-455 which is a supply zone and best place for shortAlso.First target achieved
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.