TRXUSDT trend continuation
Updated
TRXUSDT has pulled back following a recent surge. The market recently broke and closed above a flag pattern, with the price retracing about 38.2% of the previous bullish move. It has now reached a resistance zone last tested in 2021. Additionally, the price has pulled back to the previous higher high zone, from which it has already started to bounce. On the weekly timeframe, the market has broken through a large triangle pattern, suggesting a potential continuation of the trend. The target is the resistance zone around 0.1670
Dear traders, if you like this trading idea or you have an oppinion on it, we would love to hear it in the comments :)
Dear traders, if you like this trading idea or you have an oppinion on it, we would love to hear it in the comments :)
Trade closed: target reached
Price went straight up and secured the target
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