The price perfectly fulfilled my last idea. TRXUSDT has pulled back after a recent surge. The market recently broke and closed above the flag pattern, and the price has retraced approximately 38.2% of the preceding bullish move. It has now reached a resistance zone that was last tested in 2021. The price also managed to pull back to the previous higher high zone, from which it has already begun to bounce. If we examine the weekly timeframe, we can observe that the market has broken through a giant triangle pattern, indicating a potential continuation of the trend. My target is resistance zone around 0.1670
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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.