We are in a situation where it is hard to set entry points. On the daily RSI TRX is all ready turning slowly to the upside move, but on 4hour chart I feel we are going to test the 200-day ema. As we can also see, we are still inside the bearish wedge. Same is for BTC which also will affect this market.
I would keep close eye on this market, especially next week. If you are using daily trading, it could not go wrong too bad if you have made your entry all ready. For the more greedy participants, I would set my entry goals to 690-730 area and keep close watch on next week. If TRX can break this wedge, we might not test those lower areas at all anymore.
This is only my idea and view, not financial advice by any means. Please leave a comment below what you think.
I would keep close eye on this market, especially next week. If you are using daily trading, it could not go wrong too bad if you have made your entry all ready. For the more greedy participants, I would set my entry goals to 690-730 area and keep close watch on next week. If TRX can break this wedge, we might not test those lower areas at all anymore.
This is only my idea and view, not financial advice by any means. Please leave a comment below what you think.
