TRON seeing a strong rally. Here's my take on a possible long position. I expect some volatility between 0.025 to 0.03 range before continuing upwards. Use proper position size according your stops. Stops under the daily low are a good place to start. If we see a change in trend and resistance holds, the marked zone will be a good buy back opportunity. Could take a while.
Note
Tron has broken the resistance on the chart above. I've taken some profits as I was lucky enough to get a good entry a while back. Still holding some coins though. Final target still between 0.037 and 0.04.Note
Note
As I said earlier...lots of volatility to be expected right here...big pull back. If you missed the break out, you can re enter here. Just remember to place your stops. Looking for this previous resistance to turn to support. If it fails see picture 1 for entries. Note
Previous resistance didn't hold. Hope you all had your stops set. With that said, the previous zone marked for the the rebuy has taken off. We'll see how this plays out. Confident in a higher low playout.
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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.