maheswar81
Panjang

TRX to bleed more?

BINANCE:TRXBTC   TRX/BTC
Hello Friends,

Here is my view on TRX             ,

Currently, it seems like support is holding the price. But volume is very low at support means people are not showing much interest. I dnot see a decent bounce from support which can give hope and gain momentum.

So, it would fall more.

I would watch the chart again with my alert setup when it breaks the triangle. I would be happy to buy on the breakout, but now with strict stoploss.

a close up view:
snapshot
Komen: Bleeding continues. More sell on the break of the support around 740
Komen: Bleeding continues. Price would react at 640 levels and slowly head to 450
Komen: Bleeding continues. Price would react at 640 levels and slowly head to 450
Komen: Bleeding continues. Price would react at 640 levels and slowly head to 450

Price broke and reached 480 in Binance.

Watch the Doji formation on daily. That is the first sign and close above today's high is the second sign.
Komen: Telegram Channel : https://t.me/maheshchannel
Komen: 450 seems holding well.

Time to buy, break below 450 on panic, it may reach 220 levels.
Sir you have any idea why altcoin market goes down can more invest this time
Balas
maheswar81 PRO vikashjordan345
@vikashjordan345, its trend, the Market sentiment is weak. Time to move out of altcoins slowly I think.
Balas
@maheswar81, can invest now or wait
Balas
maheswar81 PRO vikashjordan345
@vikashjordan345, I have posted my view. Decision is yours. I dnot promise it would go up after this.

But whoever bought at 480 --> 630 is 30% trade.
Balas
IMHO the life cycle of this coin is near its end. Too much toxicity
Balas
Definitely looks like the price hasn't reached its buying pressure bottom. I believe the market makers wants to see more low, probably more lower and an instantaneous jump to newer high. Its 721 now.. lower than yesterday and the day before I believe.
Balas
looks like it broke the triangle, might be facing uptrend now?
Balas
@kitkat16, th one hour triangle that is...
Balas
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