TRX has been oscillating within the $0.0670 - $0.0710 range in the second half of May.
Price action has hit the range high and could expose TRX to more selling pressure.
A likely drop could offer a shorting opportunity targeting the support zone of $0.06700 - $0.06770 (cyan).
The zone was a crucial resistance in the second half of April but was flipped to support in May.
Entry: $0.07074 (below range high)
Target: $0.06700 (resistance-cum-support)
Stop-Loss: $0.07176 (above range high)
R:R - 3.9
Price action has hit the range high and could expose TRX to more selling pressure.
A likely drop could offer a shorting opportunity targeting the support zone of $0.06700 - $0.06770 (cyan).
The zone was a crucial resistance in the second half of April but was flipped to support in May.
Entry: $0.07074 (below range high)
Target: $0.06700 (resistance-cum-support)
Stop-Loss: $0.07176 (above range high)
R:R - 3.9
Dagangan ditutup: hentian tercapai
The setup was invalidated. TRX smashed the stop-loss, which lined up with a key bearish zone/price ceiling in Q1 2023/Q3 2022 (as seen in this zoomed-out D1 chart). Price action mounted above this zone.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.