TRON: Possible Buying Opportunities
The price broke the local downtrend line. It means that we can expect the continuation of the bullish trend. If Bitcoin does not move downward and the price of TRON stays above SMA200, we will buy using reversal signals from SMA200 or a breakout above SMA50 and the local swing high.
Here is an example of a long trade that is based on the breakout above SMA50 and the local swing high.
Buy above 0.01765
Stop below 0.01675
Profit target at 0.01895
Risk per trade must be no more than 3-5% from the capital.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a long trade that is based on the breakout above SMA50 and the local swing high.
Buy above 0.01765
Stop below 0.01675
Profit target at 0.01895
Risk per trade must be no more than 3-5% from the capital.
If you like my posts in such a format, please smash the LIKE button and subscribe. If you have your own trading idea for this market, please, share in comments.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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