TRXUSDT Analysis - 07.05.22
Scalping levels is the way to go here. My setup doesn't allow for entries at this point, but an aggressive trader, can identify good entry points and short up to -10% mkt change.
5 waves in(1-5), expecting a little pullback up, before the final leg down. The 5th terminated the same level as the 3rd, possible cause we had a deep retracement from the 4th, however there are chances that we can still be playing some flat correction unfolding in the 4th wave, which will be followed by a huge wave up, marking the completion of (1-5). The former makes more sense in the meantime and I wouldn't dismiss the idea of a possible move up, at least at this time.
Happy trading!
5 waves in(1-5), expecting a little pullback up, before the final leg down. The 5th terminated the same level as the 3rd, possible cause we had a deep retracement from the 4th, however there are chances that we can still be playing some flat correction unfolding in the 4th wave, which will be followed by a huge wave up, marking the completion of (1-5). The former makes more sense in the meantime and I wouldn't dismiss the idea of a possible move up, at least at this time.
Happy trading!
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