TRON on BitMEX Trade Setup (120% ROE Potential on 15X)

Updated

I am looking at a trade set up for TRON on BitMEX (TRXH19)

Looking at the 4H chart, we can see a potential double bottom. Marked with yellow circles.
There is a long wick on the second low, which is actually 2 satoshis higher than the previous one.
This is followed by a series of higher lows and the MACD and RSI starting to curve up.
This retrace has been going for 20 days now. Price has retraced all the way back to 1 Fib. retracement support from the last bullish wave. We have good probabilities of a breakout to the upside.

Hit like if you want to see a full trade for TRXH19. Buy-in range, targets, stop-loss, ROE and additional details.

NOTES:

Remember that these trades are for advanced traders only and are also high risk. Trade at your own risk.
When we win, we are grateful, we celebrate and collect big profits.
When we lose, we take our loss and move on.
We understand trading and the risks involved, it can go right or it can go wrong.
We diversify to secure our capital and always collect profits on the way up.

Wishing you a great weekend.
Thanks a lot for reading.

Leave me a comment if you have any questions or want to share anything with us.

Namaste.

Note

The low I mention in the analysis above was hit a third time, back on the 28 January.

Here is the chart:

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Our trade is ready for 120% ROE Potential. Will share at 100 likes.

Namaste.

Note

Here is our trade as promised:

Note

Great bounce as expected.

TRXBTC (TRXH19) will now go bullish.

AlanSantana

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