I am looking to gain support here at current point after we have possibly bounced off of our blue trend line once again. Alternative is that we fall down most likely to the red line on chart (IMO.) This is a short technical approach analysis thank you.
BTC dominance in the market is sitting at 41% today, this is very low. This means that money is moving out of BTC but not out of the market. TRX and BTC are very correlational so let's wait before investing in either of these in my opinion.
This analysis is for reference in the event that we turn bull market.
I would definitely not place a buy order until we see price action hovering more in the 0.136 zone and gaining some support there.
Next couple hours is really moment of truth for TRX and BTC let's be patient with this!
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Jazerbay
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Good day traders and investors. Fundamentally, TRX is very unsure right now, I will definitely be looking at alternatives. 🎉👍🆗 Thank you so much!! Jazerbay ☯
@bel481, hello dear bel thank you so much. I have posted on XLM let's see what happens. I personally would keep TRX right now but safely with stop loss 🤍