Coin name: TRX
Long
Price: .2200
(Enter on entry price)
TRX has already broken out of a falling wedge bullish pattern on the 1-hour timeframe. After this breakout, I’m waiting for a successful retest of the breakout zone before entering a long position.
However, according to the 24-hour liquidation heatmap, there is a lot of upside liquidity. So, TRX might grab that liquidity first and then move back down. That’s why I’m waiting for confirmation before taking any trade
On the BTC chart, a falling wedge bullish pattern is forming. At present, BTC is testing the upper resistance of the wedge. After touching this resistance, BTC may drop, and I expect a bounce from around $74,000. That’s when I plan to open a trade.
5x leverage isolated
Sl: .2100
Target:
1) .2250
2).2310
3).2350
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