Update TRX/USDT. Rejected Fibo 0.618 but still very bullish

16 avr. 2021

It rejected from fibo 0.618 (around 0,16751) 4h RSI is nearly overbought . The view make me very bullish still. Daily RSI is rising.

I am rebalancing my TRX positions:

• I closed my x2 futures position with 36% profit (Entry Price: 0.13628, Closed Price: 0.16635) . It can still break the fibo level after daily close but I will look for new safe entry points.
  
• I will still hold my TRX coins on my spot vallet. If fibo 0.618 will be broken, I will add my futures profit on my spot position. I will hodl until my target ( fibo 0.5 0.17543) reached in the daily chart.
  

If the price retests 0.15400-0.15806 level, I might consider open an new futures position.

Those are my strategies, not a financial advice.
Have a huge profitable days.

16 avr. 2021

Note

we bought on dip, closed on top :). But still overall picture is bullish. It is retesting the fibo level. It happened faster than I expected

16 avr. 2021

Note

I will not open an futures position most probably because bitcoin closed 4h below 62k. Waiting for new safe entry.