TRON after a local maximum formed a local downtrend. This trend has formed a downward wedge.
If this wedge works out on a global scale, a double bottom will form, which will become a reversal pattern of the main trend.
ENTRANCE 1) on the breakthrough of the line of resistance of the wedge. (maybe it’s happening now). 2) on confirmation of support in the region of 130-150 satosh if the price reaches there.
Stop loss Under key support levels during your entry into the market. Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
TARGET On the chart, I showed the first potential movement when trading in a local trend.
To see in the global where the price is, look at these previous training ideas, where this coin was used as an example. 1) TRAINING. Theories of the Dow. Types of trends. Phase TRON. There is still a bit
TRON Lateral movement. Possible formation of a double bottom.
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On the movement of the coin, at least write a book on TA. And all because of the skillful work of Justin Sun (the ability to sell himself and his non-existent product) + money that he has. 1) Breakdown of the downtrend line of the secondary trend trend (wedge resistance). 2) Formations above the trend line of a symmetrical triangle. 3) Breakdown of the triangle up.
From the entry point is already + 12%.
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+28%
Trade closed: target reached
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The price reached the specified price after breaking through the resistance of the wedge with sniper accuracy.