TRADE OF THE DAY | TRX Potential 7.2%
TRADE OF THE DAY | TRX Potential 7.2%
We are seeing a distinct ascending channel/wedge here now with a slight bearish divergence formed. Whilst we can wait for the break down we have given more room on the stop-loss to accommodate another potential test of the upper channel resistance. There is also the all important breakdown on the oscillator trendline. Conservative TP above the key support. Realistically though if BTC starts to pump hard then best to exit or cancel trade.
We are seeing a distinct ascending channel/wedge here now with a slight bearish divergence formed. Whilst we can wait for the break down we have given more room on the stop-loss to accommodate another potential test of the upper channel resistance. There is also the all important breakdown on the oscillator trendline. Conservative TP above the key support. Realistically though if BTC starts to pump hard then best to exit or cancel trade.
