Potential Double Top On Mainnet [TRON/BTC]
Fundamentals:
Expecting selloff on Mainnet launch (Month's end)
Time to start taking profits on long positions.
Resistance / Exit points for Long:
1050-1150 Sats -
Bitcoin being in a bearish trend has potentially decreased expected bull momentum for alts, and thus for TRON.
This leads me to believe that a double top is the most likely exit point for long positions.
Algorithm target alignment:
Algos will be selling off at the same range as double top because -
Expecting selloff on Mainnet launch (Month's end)
Time to start taking profits on long positions.
Resistance / Exit points for Long:
1050-1150 Sats -
Bitcoin being in a bearish trend has potentially decreased expected bull momentum for alts, and thus for TRON.
This leads me to believe that a double top is the most likely exit point for long positions.
Algorithm target alignment:
Algos will be selling off at the same range as double top because -
- 100% target length of wave 1 on the higher degree count (Super common for truncated 5s)
- 50% target length of wave 1-3 on the higher degree count
- 161.8% target length of wave 1 on lower degree count (confirmative)
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.