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TRON

TRON Deploys $700 Mln To Support USDD StablecoinDespite initially outperforming amid the recent crash, TRON (TRX) prices have dropped by over 16% in the last 24 hours. In order to defend and build support, Justin Sun, TRON head has planned to deploy over $2 billion. With the USDD stablecoin briefly losing its peg, Tron deployed $700 million to support the stablecoin and maintain redemptions. Justin Sun in a Twitter post highlighted that the funding rate of shorting TRX token on the world’s biggest crypto trading platform, Binance has redhead 500% ARP. The announced amount will help them to fight it. He added this situation won’t last for even 24 hours. The TRON DAO informed that to counter the current situation they have received 700 million USDC. This amount will be used to defend the USDD peg. It added that its collateralization rate is nearly 300%. In another update, it mentioned that DAO has added 100 million USDC to the Binance to buy more TRX.
BINANCE:TRXUSDLong
by Roberto411
Tron is dying? New Luna?😱😱😱Tron dropped 18% and looks like it only accelerates. It may be connected to problems with it's stablecoin - USDD. At the picture you can see that reserves cover only 90% of supply. How death spiral may look like? As people start to sell USDD, USDD will have to sell TRX to keep itself stable, TRX drops in price, reserves become even smaller and so on. I advise you to be careful with TRX for now and keep your savings in other stablecoins if possible. A lot of people believed LUNA wouldn't fail because it's such a big project but it still happened.
Short
by Artem_Dishel
3
TRON (TRX) - June 8hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (TRXUSDT 1W Chart) From a mid- to long-term perspective, if the price holds above 0.07192, we expect the uptrend to continue. However, the key issue is whether it is supported by rising above 0.08631, the primary resistance section. (1D chart) If it finds support and rises in the 0.08223-0.08631 section, it is expected to surge. So, the key is whether it can move higher than 0.08631. (buy) - After confirming the support in the section 0.08223-0.08631 (Stop Loss) - When resistance is received by falling in the range of 0.07451 - 0.07679 - When it falls below 0.07070 (Sell) - When receiving resistance in the range 0.11228-0.12526 ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Tron USDT Up or down, time will tell. These are suggestions for what might happen. You could already buy around now, if you have low leverage and can have some space for stop loss. Or you could wait and see if price breaks temporary trend line, enter at the lower support line, or wait to see if price breaks down below lower support, and take a short to the downside of the range. Good luck! God bless you all! PS. I do not swear to abide to house rules, cause Jesus told us never to swear by anything. But Yes, I comply with house rules. Regards ThomChris
by thomchris777