marzil
Long

Bullish Wave Count on TRON [with targets]

BINANCE:TRXBTC   TRON / Bitcoin
Here's my bullish wave count on TRON/ BTC .

Entry:
I expect a small pullback at the double top range (1050-1100 satoshis) going into a successful retest.
I personally already have a position in TRON.
However, I'd suggest an entry at the retest of double top range as there's not much price difference from now and then.

Target 1: 1200 satoshis
A truncated 5th target (123% length of wave 1 projected from wave 4)

Target 2: 1310-1330 satoshis
Main target (161.8% is common for a 5th)
Previous resistance pivot high

Stop loss:
Take consideration for a stop loss in your own accord, keeping in mind Bitcoin's trend, which Tron will inevitably follow

Comments

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