#Altcoins | #TRX ✴️ Tron: New High & Double-Top (Full Trade-Numbers SHORT Incl.)
TRXUSDT (Tron) just produced a new high and double-top. This is one of the pairs that offers the best risk reward ratio because it trades so close near the All-Time High, near resistance.
Current price action is ultra-bearish.
There are many signals we can look at but let's keep it simple.
Notice the high bearish volume on 21-August, this is the main bearish signal and predicts that the top is in and a major crash follows next. The crash can take days, weeks or months to happen but this is the next major move.
Notice there are no huge green volume bars. If TRXUSDT were trading at bottom prices and ready to grow, you would see a very strong green volume bar before the rise, the inverse of what we are seeing now.
We have an active short from August 22 and it is still valid, I will share it below for your convenience:
tradingview.com/chart/TRXUSDT/…
This is just a friendly warning/reminder.
Remember that leveraged trading is for experts only and carries high risk. Do your own research.
I am rooting for your continued expansion.
I am hoping that you can achieve your financial goals and achieve personal success.
You deserve the best.
Thank you for reading.
Namaste.
