Tronusdt
Great buy opportunity in TRX🚀Hello guys
As we can see price was successfully breakout and retested $0.1476 and now holding the Resistance turned Support with Bullish Hammer.
- Wait for the Green Candle closure after the Bullish Hammer formed.
- Put your Stop Loss below the Green support area.
- Take Profit: $0.1764 or Trail it with a Trailing SL.
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Can it reach the price of 0.25?Conditions for growth towards the price of 0.25 are good, if you break the middle line and cross the green line (strong resistance), you can hope to grow and reach the goal of 0.25.
In the MacD indicator, the buy signal is also given and shows an upward trend, but in case of large and negative volume, it is possible to change the shape of the MacD
good luck
TRON CLEAN TECHNICAL ANALYSIS CURRENTLooking attain here on the 1hr time frame we can see price has come up to a all time high area coming from a previous impulsive leg to this level where price rejected from 0.18.
Currently price has tripled down the the 2.618 fib level where support is being tested, price has got to this level in toe from of a descending channel (squeeze), price has made clean touched within the trend lines confirming the pattern.
Anticipating fro price to possibly make a push to the downside one more time to the 0.119 level where a second touch of the descending channel and the outer structure will meet at the signifiant 2.618 fib support.
There is a high probability that price will reject this level and make a push to the upside once again reaching the 0.16 level, then looking for price to create support at the 2.618 level before continuing higher