TRON swing trade long

2023年11月5日Tron had one of the best relative strengths this year compared to the whole crypto market. Recently it broke the ascending channel and retested it within the same zone at a bigger Fibonacci level.
Here we can see the bigger picture at weekly timeframe.

A 2 RR is determined for the trade. Although it is near the resistance, but the support seems good enough to take the risk. Bitcoin is not showing any weakness either & US Bond market showed few big red candles last week too.
Take profit target can be extended with proper trailing stop loss.
Entry: 0.09921$
Stop Loss: 0.09660$
Take Profit: 0.10442$

2023年11月8日

订单已取消

Price did not reach to the entry point. Better to cancel and enter at a lower price.

2023年11月10日

评论

Interesting...