i'm having too much fun with you keepshorting.
here's what will happen:
TRX has good odds of re-testing the 3.40 - 3.60 zone in the next week.
you'll see this as confirmation that you're right.
you'll post more blah blah ha ha.
you'll add to your shorts (if you really have any in the first place).
what you won't realize is that you're wrong.
TRX will go up again, surpass the 4.20 resistance,
it will hit resistance again around 4.40 - 4.60 by beginning April.
it will draft down to re-test 4.20 (or not), before heading to 4.80 - 5.00 which is the next resistance.
it's anyone's guess what happens there, but has the potential to charge right up to the 5.20 - 5.40 zone upon more short covering and those who were waiting on the sidelines eager to chase it up and avoid missing the proverbial boat.
by May, we'll have crossed 5 and probably played ping pong between 5.50 and 4.80 a few times to swing the manic-depressives out of short-term trading positions.
by June, we'll be on the march towards 7 again.