TRX is oversold on 1 hour chart, trading way below bollinger band. It wouldn't hurt to buy the dip and sell for a profit when price bounce back.
Trade active @ 597
Note
It has bounced from 590 to 615 (current). Can the price go lower? Yes. Can it go higher? Yes. Crypto is volatile, keep and eye and use stop loss.
Note
This has worked perfectly. We got from 590 to 675 in two hours. It's currently trading at 630. Those who took profit at 675 are good.
Those who didn't, can take profit now or keep watching this coin. I'll be closing this trade, as this was meant a short term profit taking opportunity.
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.