TRX Exploding to the upside! +60% in 24 hours! First big crypto catch for me.
TRX has been going crazy the last 24 hours. I have a small TRX position purchased in late December that is now up huge. Just have to decide when to sell. Not sure if it is worth letting some or all of it ride or if I should move it out to something else. Right now I'm leaning toward selling half the position once it starts to falter. Then I can either reenter later or move to another ticker. What do you think?
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I've mentioned a few indicators in some of my posts which might help to evaluate what is going on.
https://steemit.com/steem/@dwarrilow2002/using-tradingview-com
https://steemit.com/bitcoin/@dwarrilow2002/parabolic-sar-indicator-for-btc
https://steemit.com/bitcoin/@dwarrilow2002/the-macd-indicator
This chart is a fragment taken from the last few hours of the TRXBTC chart from Trading View.
It looks like TRX is dropping in price (looking at the SAR dots) and is slated to continue to do so for another hour or so. The best time to sell is when the price exceeds the top Bollinger Band, and the best time is when it is below the bottom Bollinger Band.
I am not an expert and I have only given superficial descriptions of these indicators. I also know nothing about TRX so I really shouldn't comment of this.
However read a little more about these three indicators and you might be able to derive your own strategy.
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