TRIAS - 1 MONTH OUTLOOK
Few legacy coins have performed as well as TRIAS this year. Structure has been very bullish, higher highs with double bottom higher lows.
I'm looking at 2 key levels to re enter if my systems tells me to. They are the green boxes at $3 and $4, both sitting at strong key levels as per my system.
A pullback to $4 would sustain the strong flipped support level and send it toward $6.
A retracement to $3, I would like to see atleast a double top and exhaustion of the trend.
The highest risk here is to enter at $4 and a continuation down. $3 is make or break as acceptance below should see it gravitate to last point of supply and continue down. Either way, a double top is bearish and would show signs of distribution for those holding from sub $1.5.
It's worth noting the volume divergence I relation to the last two highs, also bearish.
Happy Hunting
I'm looking at 2 key levels to re enter if my systems tells me to. They are the green boxes at $3 and $4, both sitting at strong key levels as per my system.
A pullback to $4 would sustain the strong flipped support level and send it toward $6.
A retracement to $3, I would like to see atleast a double top and exhaustion of the trend.
The highest risk here is to enter at $4 and a continuation down. $3 is make or break as acceptance below should see it gravitate to last point of supply and continue down. Either way, a double top is bearish and would show signs of distribution for those holding from sub $1.5.
It's worth noting the volume divergence I relation to the last two highs, also bearish.
Happy Hunting
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