Lingrid | TRXUSDT Correction in the MARKET. Lomg
2024-09-04

The price perfectly fulfilled my last idea.  BINANCE:TRXUSDT  is currently pulling back after forming a double top at the resistance zone. The price is testing the previous support level, and I believe there's a possibility the market could dip below this support level, especially since there is liquidity below this level and near the February highs. The market has already experienced around a 12% pullback, and I anticipate it could reach a 15% pullback. I expect the price action may establish a trend continuation pattern, potentially forming a triangle formation as it consolidates. This could set the stage for a future upward move if the market finds enough buying pressure at these lower levels. My target is resistance zone around 0.1618



Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻 