Hello, Traders!
TRON corrected only 38% of the downside move (0.382 Fibo)
Cumulative delta analysis on the higher timeframes shows the presence of demand from the buyers.
Entry in the position can be sought in the range of $0.120 - $0.128
Stop-loss can be placed under the price value of $0.11.
Targets based on the Fibonacci retracement level:
Good luck and watch out for the market
P.S. This analysis is created for educational purposes and shall not be considered as a piece of financial advice
TRON corrected only 38% of the downside move (0.382 Fibo)
Cumulative delta analysis on the higher timeframes shows the presence of demand from the buyers.
Entry in the position can be sought in the range of $0.120 - $0.128
Stop-loss can be placed under the price value of $0.11.
Targets based on the Fibonacci retracement level:
- $0,135
- $0,146
- $0,160
- $0,180
Good luck and watch out for the market
P.S. This analysis is created for educational purposes and shall not be considered as a piece of financial advice