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TRON / TetherUS PERPETUAL CONTRACT

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TRXUSDT.P trade ideas

TRON — Healthy Correction Or Going Parabolic?I mentioned it a couple of days ago. Tron's chart is one of the most sustainable out there. • Growing HEALTHY since November '22 • Did only retrace moderately after March's peak • Doesn't look over-heated despite a >200% growth During the last few days, Tron has been crushing it: • Pumped almost 40% • Entered the top 10 by market cap (replacing ADA) • Entered the upper band of its upward channel and touched the upper resistance. So, what's next? If Tron follows its path of the last years, we won't see it go much higher at this point. Instead, it will consolidate and gradually move higher. However, I expect Tron to stay in the upper band. Can it go parabolic? Sure, it can. However, from my perspective, it needs broader market support. I don't see Tron going parabolic as long as Bitcoin doesn't break out to the top.
Long
by ben_walther
Tron | Major Correction (Biggest Since 2021)Bitcoin's capitulation event will affect the entire Cryptocurrency market... ➖ Tron is great. ➖ Tron is a true Cryptocurrency —an amazing project. ➖ Tron has its own economy and really works to help people exchange value. We love it. Technical Analysis ➖ Looking at this weekly chart, TRXUSDT, the first thing that is revealed is the strong uptrend, a very long one. This uptrend is coming to its end. ➖ The pattern that reveals the end of the uptrend is the rounded top, followed by a second rounded top coupled with a lower high. ➖ These signals and patterns are accompanied by, first, an increase in bearish volume and, second, a decrease in overall trading volume. Price Action Dynamics Expect the drop to be fast and strong. TRON is not looking to be in a "bear market" for long as there is no bear market, we are simply looking at a strong correction that is only natural, normal and expected after such a long period of growth. This pair is really strong, so some of the targets can miss. The first one, black line, is sure to hit. Actually, knowing Crypto, it will crash and flush everything up just to shake things out a little bit before a year that will be forever remembered as the year when Cryptocurrency changed the world. 👉 In the year 2025 people will know Crypto just as they know Email, Cellphones and Drugs. Namaste.
by AlanSantana
7
TRXUSDT Trading OpportunityTRXUSDT has recently broken out of a bullish pennant structure and an inverse head and shoulders pattern. This suggests a potential upward movement in the price. The target for the inverse head and shoulders pattern is indicated on the chart, with the neckline serving as the buy-back zone. Additionally, the extended target is based on the potential pole estimation. It's important to note that technical analysis is just one aspect of trading decisions, and other factors should also be considered. Your engagement and feedback on this analysis are appreciated. Thank you for your attention to this analysis!
Long
by weslad
5
TRX trade setupTron (TRX) is one of my favourite coins which I choose to invest in.This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4 and 5 very soon, that could be year(s). I will sell most of my capital on targets 3,4 and 5. Small portions will be sold on targets 1 and 2. Entry Zone: 0.27 – 0.34 Buy Zone: 0.024 – 0.03 Target 1: 0.11 – 0.12 (102%) Target 2: 0.14 – 0.14 (151%) Target 3: 0.17 – 0.18 (211%) Target 4: 0.24 – 0.25 (335%) Target 5: 0.31– 0.32 (454%)
Long
by Abmoon
5
TRX is in a dangerous placeThis analysis is an update of the analysis you see below in the "Related Ideas" section. The triangle of the previous analysis is still standing and only the D wave has become more time-consuming. We expect the formation of wave E from TRX. It can be rejected from the supply range to the green box. The targets are marked on the picture. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
Tron — Pumping Since 2022Among altcoins, Tron is definitely a rarity at the moment. While many other tokens are down 70%, 80%, or even 90% and trade close to their bear market low, Tron has constantly moved upwards since late 2022! In fact, the token has been trading in a wonderful upward channel for more than two years! Even the latest market drop last Monday didn't force Tron to leave its path—it simply bounced from the bottom. As a result, I expect Tron to move back to the channel top in the next days/weeks. Moreover, if the bullish momentum continues, we could see another breakout attempt—similar to the one in March. However, even if this won't happen, Tron provides nice trading opportunities based on the channel. Moreover, if we enter a bull run in late 2024 or 2025, Tron should be among the top tokens — at least based on its recent performance.
Long
by ben_walther
1
TRX : Harmonic Bat Pattern Completed - next move downTRX : Harmonic Bat Pattern Completed - next move down In early July TRX was showing chances of completing a bearish harmonic pattern. After the price completed the pattern of the bullish wave it was developing, the Harmonic pattern showed its power by creating the first signs of a reversal. So far, the price development looks good. It may still have some ups and downs, but the direction should be down again. We can see TRX moving down to 0.1180 Thank you and Good Luck! Previous analysis:
Short
by KlejdiCuni
3
TRX - Slow and easy trade#TRX/USDT #Analysis Description --------------------------------------------------------------- + Price has hit the support line and successfully bounced back from it with a long wick. + Overall trend is looking strong and we can expect the price to hit the next resistance line --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.1262 Stop Loss: 0.1156 ------------------------------ Target 1: 0.1298 Target 2: 0.1333 Target 3: 0.1391 ------------------------------ Timeframe: Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Lingrid | TRXUSDT level REJECTION. Opportunity to BUYThe price perfectly fulfilled my last idea. BINANCE:TRXUSDT has pulled back after forming a double top pattern. Recently, the market bounced off the 61.8% Fibonacci retracement level, indicating potential support. A rejection candle with a wick suggests that buyers are stepping in at this level. The area between 12 and 12.5 has been respected in the past, with multiple bounces occurring there. If we zoom out, it's clear that the price has been creating a triangle pattern, which indicates prolonged consolidation as it has struggled to break above its highs since February. The recent rebound from the bottom of the triangle suggests the possibility of a retest of the upper boundary of this pattern. This could lead to either a breakout to the upside or a continuation of the consolidation, depending on market sentiment. Observing how the price reacts at the triangle's upper resistance will be crucial for assessing the next move. My target is resistance zone at 0.1325 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1