TRX/BTC SHORT SETUP
We should see BTC make a decisive move one way or the other by the end of the week. If the epic rally continues and BTC Dominance climbs higher, Alts will bleed.
Conversely, if BTC consolidates and BTC dominance falls, this setup will be invalidated or take much longer to play out.
TRX is in a downtrend. Chart is pretty self explanatory. TRX has lost the major MA's and is approaching a zone of historically low volume, in which it shouldn't encounter much support on the way down.
I want to see more volume come in to support this downtrend idea.... Any whales reading this, you know what to do ;)
Time to leverage up bois!!
happy trades,
- CD
Conversely, if BTC consolidates and BTC dominance falls, this setup will be invalidated or take much longer to play out.
TRX is in a downtrend. Chart is pretty self explanatory. TRX has lost the major MA's and is approaching a zone of historically low volume, in which it shouldn't encounter much support on the way down.
I want to see more volume come in to support this downtrend idea.... Any whales reading this, you know what to do ;)
Time to leverage up bois!!
happy trades,
- CD
Penafian
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