Hello, Traders!
The market continues to be under selling pressure. Altcoins are losing value faster than BTC, which is accompanied by an increase in Bitcoin dominance.
This situation can be used to buy the interesting altcoins at a significant discount and to hold a position for several months.
The price of TRX is testing the upper bound of the $0.0495 - $0.0650 price range, from which the asset was put in the trend in February-March 2021.
We may look for buy entry closer to the lower border of this range between the levels of $0.0495 - $0.0550.
Stop-loss can be placed below the level of $0.036750.
The targets for such purchases will be price levels of
$0,093
$0,117
$0,146
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered a financial advice
The market continues to be under selling pressure. Altcoins are losing value faster than BTC, which is accompanied by an increase in Bitcoin dominance.
This situation can be used to buy the interesting altcoins at a significant discount and to hold a position for several months.
The price of TRX is testing the upper bound of the $0.0495 - $0.0650 price range, from which the asset was put in the trend in February-March 2021.
We may look for buy entry closer to the lower border of this range between the levels of $0.0495 - $0.0550.
Stop-loss can be placed below the level of $0.036750.
The targets for such purchases will be price levels of
$0,093
$0,117
$0,146
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered a financial advice