Thesis:
- TRXUSD has had a nice period of consolidation and continuing uptrend on the daily chart.
- It is getting a bit overextended from its daily trend averages on the daily at this point, per the breakout from the last two days which exceeds two average true range periods on the daily.
- I'm long on the breakout across the four hour and one hour timeframes.
- Looking to add on dips as the trend averages catch up on the daily.
- This is a multi-day swing trade, possibly a few weeks if the trend holds.