TRXBTC Breaking out
Falling wedge on daily chart . This is not the trend continuation type wedge . But rather a potential trend reversal. Its rather easy to see the contraction of the price action.
However, due to the current situation in Bitcoin 0.26% , I would rather expect some quick upside moves rather then a long uptrend.
This could change if Bitcoin 0.26% finishes a head & shoulder pattern on the daily chart .
But for now the initial target is set at 612. If that target is hit I will sell half and move the stop loss up aggressively.
I have a tight stop loss at 526.
However, due to the current situation in Bitcoin 0.26% , I would rather expect some quick upside moves rather then a long uptrend.
This could change if Bitcoin 0.26% finishes a head & shoulder pattern on the daily chart .
But for now the initial target is set at 612. If that target is hit I will sell half and move the stop loss up aggressively.
I have a tight stop loss at 526.
Trade closed: stop reached
Looking for re entry if we get another push and then consolidationTrade active
Making another attempt hereTrade closed: target reached
Nice run (Against USD) Taking profits here.
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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.