TRX doesn’t suffer from market fluctuationsNov 12, 2019
Since the last TRX/USDT pair analysis, the price has been holding in the 0.0185 – 0.02 aforementioned corridor. The “falling wedge” pattern, which was formed as a result of the last price increase correction, is visible on the daily chart. This factor indicates a bullish mood and indicates a rapid reversal in the event of the wedge’s upper border breakthrough.
Note, trading volumes are gradually declining, indicating a local trend change in the opposite direction.
We also note the asset can be bought long from current levels. It is recommended to take a ladder position in case of a false breakdown to the 0.017 price.
Anyway, stop loss is recommended – set it at 0.015, if you don’t like to take risks. High-risk stop is in the 0.012 area.
Take profits can be set with steps up to 0.03 level.