JustChartThings
Panjang

$TRX.X #cryptocurrency #TRXBTC taking a much needed breather

BINANCE:TRXBTC   TRON / Bitcoin
after a huge run placing Tron             in the top 10 coins, it's finally begin a correction, at least for the near-term. As shown in the chart, big dips have generally been purchased quickly as there is still a lot of fundamental demand for this coin. Any dumps in the 0.00006-0.00008 range are ideal entries shown below, but less likely than those around supports in the channel shown. While I have a long-term bias on this coin, the huge surge over the past month does make an entry, even at 50% discount to ATHs tough to deal with psychologically. For these type of plays, position sizing and risk management is very important in structuring the trade, whether it be long-term or near-term swing. Taking a position in the range shown with ~25% of your desired holding and only adding on signs of strength is better than trying to determine risk/reward levels here, as the significant volatility precludes their practical use.

snapshot


You can trade Tron             on Binance, a growing platform you should try if not yet already registered; they're currently upgrading infrastructure so you may not be able to register immediately. Using their token, BNB, lowers trade fees to 0.05%. If interested in registering, I would appreciate if you use my referral link: https://www.binance.com/?ref=10276631. It helps me a little and your fees are the same!
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