TRX / USDT min-max possible profit
Hello everyone. I would like to post my thoughts on TRX / USDT.
What we see on the chart:
1. The red line is the trend line.
2. The first sharp upward jump was 69 degrees followed by the accumulation zone which lasted 4 days.
3. Then again the lifting zone but already 59 degrees.
5. Due to the sharp big takeoff, we bounced well down to 50 degrees, as shown in the left Fibonacci grid, we went into the golden ratio zone.
6. The next accumulation zone has been passed and we expect further growth to the level of ~ 0.17.
7. Now the local trend is 48 degrees.
8. Red zone is our global support level.
71 bars (~5 days)
What I thought based on all this.
If we go up sharply again, we can break through the upper level and again fly up to the level of 0.22, but this is risky.
Make a grid for take profit.
Take profit 1 - 0.17. Here we can close 50%.
Take profi 2 - 0.185 close 20%
Take profit 3 - 0.2 close 20%
And take profit 4 - 0.22 last 10%
This is just my vision for TRX. Think about the risks and your investment.
Thanks for attention.
What we see on the chart:
1. The red line is the trend line.
2. The first sharp upward jump was 69 degrees followed by the accumulation zone which lasted 4 days.
3. Then again the lifting zone but already 59 degrees.
5. Due to the sharp big takeoff, we bounced well down to 50 degrees, as shown in the left Fibonacci grid, we went into the golden ratio zone.
6. The next accumulation zone has been passed and we expect further growth to the level of ~ 0.17.
7. Now the local trend is 48 degrees.
8. Red zone is our global support level.
71 bars (~5 days)
What I thought based on all this.
If we go up sharply again, we can break through the upper level and again fly up to the level of 0.22, but this is risky.
Make a grid for take profit.
Take profit 1 - 0.17. Here we can close 50%.
Take profi 2 - 0.185 close 20%
Take profit 3 - 0.2 close 20%
And take profit 4 - 0.22 last 10%
This is just my vision for TRX. Think about the risks and your investment.
Thanks for attention.
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