Tron in a critical spot. Tron has formed a triangle that could be seen as an accumulation or maybe a distribution. An answer to this is waiting for a confirmation of price action.
TRXUSDT trade ideas
TRXUSDT AnalysisLook carefully at this analysis. You quickly find out that the price moves in a fixed structure. This has to do with support and resistance. Recognizing the loss and gain of levels is very important. Learn to recognize this early. This way one gets a slight advantage over the rest.
TRX (Y24.P1.E1) Macro overviewHi traders,
We spoke about this recent level in our forum and the trading opportunity given,
Details below.
Here is my macro overview with Elliot wave count aligned with fibonacci.
The daily 200 moving averages are the key for the macro trend and its possible that we range here or keep going to the fib extension of 618 in the short period.
Enjoy.
Regards,
S.SAri
The setup
The results
Strategic Short-Term Play: Unveiling Trade Opportunity on TRXHello Traders,
I'm excited to share a trade opportunity based on a comprehensive technical analysis. The stochastic RSI, scrutinized across lengths 11, 51, and 101, along with the Traders Dynamic Index (TDI), signals a compelling entry point. Despite the trend going against the larger frame, meticulous analysis supports a short-term gain, with a conservative profit target set at 1.7. Let's seize this opportunity with calculated precision.
Happy Trading! with MEXC:TRXUSDT.P
will try to Implementing a Break-Even Point to Mitigate Risks and Maximize Gains.
#TRX/USDT LONG#TRX
The price is moving in a cross channel on a 1-day frame
Supported by price stability above moving average 100
It is expected that this descending channel will be broken upward
Current price is 0.10750
First goal 0.11078
Second goal 0.11466
TRX Tron Trading IdeaTRX Tron has the potential for another leg up. Still looking strong and from the point we started it went only 32.19% in total. I believe it can go even higher.
Tron (TRX): Rejected By 200 EMA + Bollinger BandsWe are looking at the TRX coin after seeing a very sharp rejection near 100/200 EMA and also on the upper side of Bollinger bands.
With that being said, after a nice breakdown of EMAs, we had one clean re-test, which was successful and seems to be pushing the price lower and lower.
We are looking for lower support to be reached one more time and potentially being broken as well!
Swallow Team
TRXUSDT.PTRXUSDT.P is in bullish trend.
Potentially printing HH and HL.
No sign of reversal here. Because trend is strongly bullish.
We didn,t wait for breakout we buy at CMP.
#7. TRXUSDT_2024-01-11_09-49-12learned sth new from my TA mentor!
still don't understand how this works, but I am having fun.
poorly drawn, but who cares!
Justin would be happy to see this.
I would buy
- 1st buy: $0.101
- 2nd buy: $0.095
TRX Bullish PennantThis is a follow-up idea to my previous TRX idea here:
I'm not a big fan of pennants, flags etc. But when the macro chart supports the idea, when the environment fits they have a good chance of working out. So we will see.
Huge upside potential for tron trxthe chart is pretty self-explanatory
there is a massive pattern for trxusd on the daily chart...
please set the target and stop loss accordingly
100 percent profit potential for a 10% stop loss
this trade is worth taking.
this is just entertainment and NOT financial advice :)
good luck!
TRX measured move!This setup on TRX looks great. I think there is a very good chance of it working out!
Tron(TRX): Waiting For Resistance To Be Reached! We noticed rather strong resistance, which has been in decline here. The vision is clear here: we want to see another touch in the upper zones and a potential drop from there!
EMAs are currently holding the price, which seems like a good spot to bounce toward resistance.
Swallow Team
TRXUSDT4 hour TRX time form analysis
The price is now 0.107 dollars. If we break the yellow trend line from above to the price of 0.113 dollars, we have no resistance and target 1 will be touched easily. POC (the area that has the largest volume of transactions) is not far from the possibility of breaking the 0.101 and 0.095 supports.
Technical analyst: Amir Hassan Salek
#TRXUSDT
TRXUSDT 24 DEC. 2023Like linkusdt , TRXUSDT will go up like Tron !
It's all based on technical strategy !and it's on daily and weekly chart !
so , we have to wait more than usual !
$TRX #TRON Trading IdeaAMEX:TRX #TRON after this breakout formed a bull flag. Might be prepared for a potential another leg up. The price increased after our clean breakout by 32.19% in total.
TRON #TRON Testing strong resistance LineTRON #TRON
Testing strong resistance Line
As of today at 0.10679, the target goes to 0.1095.
Range between support 0.0974 and Resistance at 0.10954
Watch the MACD, almost uptrend.
DYOR, Not a financial advice,
Based on technical analysis.
Happy Holidays.
24Dec2023.
TRXUSDT LONG TRADE IDEA 24-12-2023TRX is printing a Bullish Rectangle
ENTRY: 0.10685
SL: 0.106170
TP-1 0.10751
TP-2 0.10820
TP-3 0.10886
TP-4 0.10959
Looking for the big shortWe've come to the very end of this crypto cycle, market makers have begun distributing the coins to the retail. I am going over the charts and trying to figure out what token carries the best R:R reward with a short position. TRX and SOL seem like the best candidates, but TRX has an edge, as litigation against the organizer of this scheme will likely start soon. The legal process against J. Sun and his criminal enterprise will surely spook many who have investments in TRX and a myriad of other tokens revolving around J. Sun.
With this short, we are looking at a classic FOMO setup which has trapped many bulls at these inflated prices, many with high leverage. Indicators are already showing that distribution is ongoing as market maker have started to sell, and bulls have not been able to pass the 0.107 resistance for a month now while the volume declines. All factors show a high potential in a short position.
This alone should cause a correction and leverage the market to at least 0.0825 USDT per token. However, as mentioned before, there is a high chance of legal action against the organizer of this crypto scam and that could cause a deeper correction. If this does happen during the December, TRX could correct down to 0.06250 - which is indeed a target price for this trade.
Stay safe and on high alert, this is a highly manipulated market and many exchanges are business partners with J. Sun and his criminal venture.
